RB Global (RBA) Scheduled to Post Earnings on Thursday

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

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.40 EPS. RB Global’s revenue was up 134.5% on a year-over-year basis. 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

Shares of NYSE RBA opened at $70.80 on Tuesday. The stock’s 50-day moving average is $74.70 and its two-hundred day moving average is $68.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. RB Global has a 1-year low of $51.07 and a 1-year high of $77.99. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 83.29, a price-to-earnings-growth ratio of 5.43 and a beta of 0.88.

Insider Activity at RB Global

In other RB Global news, insider Darren Jeffrey Watt sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the sale, the insider now owns 21,103 shares in the company, valued at $1,625,986.15. The sale was disclosed in a document filed with the SEC, which is available through this link. In other RB Global news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the transaction, the insider now directly owns 21,103 shares in the company, valued at $1,625,986.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO James J. Jeter sold 11,416 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the sale, the executive now owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Insiders sold a total of 14,816 shares of company stock valued at $1,133,055 in the last three months. 4.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.