RB Global FY2025 EPS Decreased by National Bank Financial

RB Global, Inc. (NYSE:RBA) (TSE:RBA) – National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of RB Global in a research report issued to clients and investors on Monday, July 14th. National Bank Financial analyst M. Sytchev now anticipates that the business services provider will earn $3.66 per share for the year, down from their prior forecast of $3.72. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for RB Global’s current full-year earnings is $2.50 per share. National Bank Financial also issued estimates for RB Global’s FY2026 earnings at $3.83 EPS.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a net margin of 9.68% and a return on equity of 8.03%. RB Global’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 earnings per share.

Several other research analysts also recently commented on the company. National Bankshares reduced their price objective on RB Global from $118.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Robert W. Baird boosted their price objective on RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Raymond James Financial upped their price target on RB Global from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada set a $125.00 price objective on RB Global and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.21.

RB Global Price Performance

Shares of RBA opened at $110.06 on Thursday. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 2.54 and a beta of 0.77. The company’s fifty day simple moving average is $106.33 and its 200 day simple moving average is $99.62. RB Global has a 1-year low of $70.38 and a 1-year high of $111.71. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.16 annualized dividend and a yield of 1.05%. RB Global’s dividend payout ratio is currently 57.14%.

Insider Activity at RB Global

In related news, CRO James J. Jeter sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the sale, the executive owned 14,167 shares of the company’s stock, valued at $1,515,302.32. This trade represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Adam Dewitt sold 800 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total transaction of $84,936.00. Following the completion of the transaction, the director owned 5,865 shares in the company, valued at approximately $622,687.05. This trade represents a 12.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,133 shares of company stock valued at $7,843,729. 4.32% of the stock is currently owned by insiders.

Institutional Trading of RB Global

Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its holdings in shares of RB Global by 21.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after acquiring an additional 97 shares during the last quarter. Securian Asset Management Inc. increased its holdings in RB Global by 0.7% in the 1st quarter. Securian Asset Management Inc. now owns 14,041 shares of the business services provider’s stock worth $1,408,000 after acquiring an additional 100 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of RB Global by 10.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider’s stock worth $106,000 after buying an additional 104 shares in the last quarter. Wealth Alliance LLC grew its holdings in shares of RB Global by 2.7% during the first quarter. Wealth Alliance LLC now owns 3,976 shares of the business services provider’s stock worth $399,000 after buying an additional 104 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in RB Global by 0.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider’s stock worth $3,674,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 95.37% 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.