RB Global (RBA) Projected to Post Earnings on Tuesday

RB Global (NYSE:RBA) (TSE:RBA) will likely be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $1.06 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

RB Global Stock Performance

RB Global stock opened at $96.28 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global has a fifty-two week low of $65.99 and a fifty-two week high of $99.79. The stock has a fifty day moving average of $91.47 and a two-hundred day moving average of $87.68. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 3.82 and a beta of 0.96.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, February 14th. RB Global’s payout ratio is 63.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RBA shares. StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Robert W. Baird raised their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Royal Bank of Canada raised their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, CIBC dropped their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, RB Global presently has an average rating of “Moderate Buy” and a consensus price target of $100.21.

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.