RB Global (RBA) Set to Announce Quarterly Earnings on Friday

RB Global (TSE:RBA) (NYSE:RBA) will be posting its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect RB Global to post earnings of C$0.84 per share for the quarter.

RB Global (TSE:RBA) (NYSE:RBA) last posted its earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.08). The firm had revenue of C$1.50 billion during the quarter, compared to analysts’ expectations of C$1.54 billion. RB Global had a net margin of 8.68% and a return on equity of 6.61%.

RB Global Stock Performance

Shares of RBA stock opened at C$124.43 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 80.04. The stock’s 50-day moving average price is C$114.36 and its 200 day moving average price is C$108.28. RB Global has a 52-week low of C$80.97 and a 52-week high of C$124.81. The stock has a market capitalization of C$22.93 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

RB Global Increases Dividend

The company also recently declared a 1 dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, January 1st were issued a $1.602 dividend. The ex-dividend date was Wednesday, September 18th. This is a boost from RB Global’s previous 1 dividend of $1.49. RB Global’s dividend payout ratio is currently 64.23%.

Insider Transactions at RB Global

In related news, Senior Officer James Jeffrey Jeter sold 2,920 shares of RB Global stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$78.96, for a total value of C$230,563.20. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.

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.