RB Global (RBA) Set to Announce Earnings on Thursday

RB Global (NYSE:RBA) (TSE:RBA) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm’s quarterly revenue was up 134.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. On average, analysts expect RB Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RB Global Price Performance

NYSE:RBA opened at $71.88 on Wednesday. RB Global has a 12-month low of $51.07 and a 12-month high of $77.99. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 84.56, a price-to-earnings-growth ratio of 5.43 and a beta of 0.88. The company’s 50-day moving average is $74.60 and its two-hundred day moving average is $68.44. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

RBA has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Scotiabank increased their price target on RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 24th. Raymond James lifted their price objective on RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, StockNews.com upgraded RB Global from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Insider Activity

In other RB Global news, insider Darren Jeffrey Watt sold 1,100 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total transaction of $84,755.00. Following the completion of the sale, the insider now directly owns 21,103 shares in the company, valued at $1,625,986.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CRO James J. Jeter sold 11,416 shares of RB Global stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the transaction, the executive now owns 30,915 shares in the company, valued at approximately $2,359,432.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darren Jeffrey Watt sold 1,100 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total transaction of $84,755.00. Following the sale, the insider now directly owns 21,103 shares of the company’s stock, valued at $1,625,986.15. The disclosure for this sale can be found here. Insiders sold 14,816 shares of company stock valued at $1,133,055 in the last ninety days. Company insiders own 4.10% of the company’s stock.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.