RB Global (RBA) to Release Quarterly Earnings on Thursday

RB Global (TSE:RBA) (NYSE:RBA) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.99 per share for the quarter.

RB Global (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Friday, February 23rd. The company reported C$0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.56. RB Global had a return on equity of 6.06% and a net margin of 5.61%. The business had revenue of C$1.42 billion for the quarter, compared to the consensus estimate of C$1.41 billion.

RB Global Stock Down 0.3 %

TSE:RBA opened at C$98.23 on Thursday. The company has a debt-to-equity ratio of 86.55, a current ratio of 1.35 and a quick ratio of 1.00. The firm has a market cap of C$18.00 billion, a PE ratio of 69.67, a price-to-earnings-growth ratio of 2.43 and a beta of 0.87. The company has a 50-day moving average of C$101.77 and a 200 day moving average of C$92.52. RB Global has a 1-year low of C$68.80 and a 1-year high of C$105.42.

RB Global Cuts Dividend

The business also recently announced a 1 dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 1st were paid a $1.431 dividend. The ex-dividend date of this dividend was Friday, March 1st. RB Global’s dividend payout ratio (DPR) is presently 104.26%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price on RB Global from C$74.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th.

Insider Activity

In other RB Global news, Senior Officer Baron Concors sold 15,658 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$76.80, for a total value of C$1,202,534.40. Following the sale, the insider now directly owns -205 shares of the company’s stock, valued at C($15,744). Insiders own 0.30% of the company’s stock.

RB Global Company Profile

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.