RB Global (RBA) Set to Announce Earnings on Thursday

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

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. RB Global’s quarterly revenue was up 134.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. 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 Trading Up 1.5 %

RBA opened at $71.88 on Wednesday. RB Global has a 52 week low of $51.07 and a 52 week high of $77.99. The company has a market capitalization of $13.14 billion, a P/E ratio of 84.56, a PEG ratio of 5.43 and a beta of 0.88. The stock’s fifty day moving average is $74.60 and its two-hundred day moving average is $68.44. The company has a quick ratio of 1.23, a current ratio of 1.35 and a debt-to-equity ratio of 0.61.

Wall Street Analyst Weigh In

RBA has been the topic of several recent research reports. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Scotiabank lifted their price objective on shares of RB Global from $88.00 to $89.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their target price on RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Raymond James lifted their price target on RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Insider Buying and Selling

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 of the company’s stock, valued at $1,625,986.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Darren Jeffrey Watt sold 1,100 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total transaction of $84,755.00. Following the sale, the insider now owns 21,103 shares in the company, valued at $1,625,986.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the transaction, the executive now directly owns 30,915 shares of the company’s stock, valued at $2,359,432.80. The disclosure for this sale can be found here. Insiders sold a total of 14,816 shares of company stock worth $1,133,055 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

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.