RB Global (RBA) Scheduled to Post Earnings on Friday

RB Global (NYSE:RBA) (TSE:RBA) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.13 billion. RB Global had a net margin of 8.67% and a return on equity of 7.27%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. 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 Stock Down 1.6 %

Shares of RBA opened at $84.79 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.29. The company has a 50-day simple moving average of $83.42 and a 200-day simple moving average of $79.01. RB Global has a 52 week low of $58.85 and a 52 week high of $87.45. The firm has a market capitalization of $15.64 billion, a P/E ratio of 47.63, a P/E/G ratio of 5.54 and a beta of 0.93.

Insiders Place Their Bets

In other news, insider Darren Jeffrey Watt sold 2,915 shares of RB Global stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $82.80, for a total value of $241,362.00. Following the completion of the transaction, the insider now owns 19,271 shares in the company, valued at approximately $1,595,638.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Darren Jeffrey Watt sold 2,915 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $82.80, for a total value of $241,362.00. Following the completion of the sale, the insider now directly owns 19,271 shares in the company, valued at approximately $1,595,638.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO James J. Jeter sold 2,920 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $78.96, for a total transaction of $230,563.20. Following the transaction, the executive now owns 23,267 shares in the company, valued at approximately $1,837,162.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,601 shares of company stock worth $3,720,043 over the last three months. 4.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on RBA. Robert W. Baird upped their price target on RB Global from $80.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on RB Global from $93.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Bank of America lifted their price target on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Raymond James increased their price objective on shares of RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets started coverage on shares of RB Global in a research report on Thursday, September 5th. They set an “outperform” rating and a $105.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.19.

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.