RB Global FY2025 EPS Decreased by National Bank Financial

RB Global, Inc. (NYSE:RBA) (TSE:RBA) – Analysts at National Bank Financial cut their FY2025 earnings estimates for shares of RB Global in a research report issued on Monday, July 14th. National Bank Financial analyst M. Sytchev now anticipates that the business services provider will post earnings per share of $3.66 for the year, down from their prior estimate 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.

Several other equities analysts also recently weighed in on RBA. Raymond James Financial lifted their target price on RB Global from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Royal Bank Of Canada set a $125.00 price objective on RB Global and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. National Bankshares lowered their price objective on RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, CIBC boosted their price objective on RB Global from $116.00 to $118.00 and gave the stock an “outperformer” rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.79.

RB Global Stock Performance

NYSE RBA opened at $110.29 on Thursday. The company has a market cap of $20.42 billion, a P/E ratio of 54.33, a P/E/G ratio of 2.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.21. The stock has a 50-day moving average of $106.25 and a two-hundred day moving average of $99.48. RB Global has a 1-year low of $70.38 and a 1-year high of $111.07.

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

RB Global Dividend Announcement

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

Insider Buying and Selling at RB Global

In other news, insider Darren Jeffrey Watt sold 7,400 shares of RB Global stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.00, for a total value of $814,000.00. Following the transaction, the insider directly owned 24,874 shares of the company’s stock, valued at $2,736,140. The trade was a 22.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO James J. Jeter sold 2,000 shares of RB Global stock in a transaction dated 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 transaction, the executive directly owned 14,167 shares in the company, valued at $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,133 shares of company stock valued at $7,843,729. 4.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On RB Global

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC increased its holdings in shares of RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. SouthState Corp acquired a new position in RB Global during the 1st quarter valued at approximately $26,000. MV Capital Management Inc. boosted its position in RB Global by 5,560.0% during the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 278 shares during the period. SVB Wealth LLC acquired a new position in RB Global during the 1st quarter valued at approximately $28,000. Finally, Jones Financial Companies Lllp boosted its position in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

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.