RB Global (RBA) to Release Earnings on Friday

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

RB Global Stock Performance

Shares of RBA stock opened at C$117.97 on Friday. RB Global has a one year low of C$80.97 and a one year high of C$120.96. The company has a debt-to-equity ratio of 80.04, a quick ratio of 1.00 and a current ratio of 1.29. The firm’s 50 day moving average price is C$113.87 and its 200-day moving average price is C$107.75. The firm has a market cap of C$21.74 billion, a P/E ratio of 47.96, a P/E/G 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 dividend of $1.602 per share. This is a positive change from RB Global’s previous 1 dividend of $1.49. The ex-dividend date was Wednesday, September 18th. RB Global’s dividend payout ratio is presently 64.23%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at RB Global

In related news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total transaction of C$256,650.00. 0.29% of the stock is owned by corporate insiders.

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.