RB Global, Inc. (TSE:RBA – Get Free Report) (NYSE:RBA)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$105.64 and traded as high as C$116.55. RB Global shares last traded at C$114.74, with a volume of 88,734 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets upgraded RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.
Check Out Our Latest Report on RB Global
RB Global Price Performance
RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.08). The business had revenue of C$1.50 billion during the quarter, compared to analyst estimates of C$1.54 billion. RB Global had a return on equity of 6.61% and a net margin of 8.68%. As a group, research analysts predict that RB Global, Inc. will post 5.0539346 earnings per share for the current fiscal year.
RB Global Increases Dividend
The firm also recently declared a 1 dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, January 1st were issued a $1.602 dividend. The ex-dividend date was Wednesday, September 18th. This is an increase from RB Global’s previous 1 dividend of $1.49. RB Global’s dividend payout ratio (DPR) is currently 63.16%.
Insiders Place Their Bets
In other RB Global news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total value of C$256,650.00. Corporate insiders own 0.29% of the company’s stock.
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.
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