RB Global (RBA) Scheduled to Post Quarterly Earnings on Friday

RB Global (TSE:RBA) (NYSE:RBA) will announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce 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 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.08). RB Global had a return on equity of 6.61% and a net margin of 8.68%. The company had revenue of C$1.50 billion for the quarter, compared to analyst estimates of C$1.54 billion.

RB Global Trading Down 1.6 %

Shares of TSE:RBA opened at C$117.97 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 80.04. RB Global has a 12-month low of C$80.97 and a 12-month high of C$120.96. The business has a 50 day moving average of C$113.87 and a two-hundred day moving average of C$107.75. The company has a market capitalization of C$21.74 billion, a PE ratio of 47.96, a PEG ratio of 2.43 and a beta of 0.93.

RB Global Increases Dividend

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

Insider Buying and Selling at RB Global

In related news, Senior Officer James Jeffrey Jeter sold 2,920 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$78.96, for a total value of C$230,563.20. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded shares of RB Global to a “strong-buy” rating in a research report on Thursday, September 5th.

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.