Brokers Offer Predictions for RB Global Q2 Earnings

RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA - Analysts at National Bank Financial reduced their Q2 2025 earnings per share (EPS) estimates for shares of RB Global in a report released on Monday, July 14th. National Bank Financial analyst M. Sytchev now anticipates that the business services provider will post earnings per share of $0.94 for the quarter, down from their previous forecast of $1.00. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for RB Global's current full-year earnings is $2.50 per share.

Other equities analysts have also recently issued reports about the company. Robert W. Baird raised their price objective on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Raymond James Financial raised their price target on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. National Bankshares reduced their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen lowered RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, RB Global has an average rating of "Moderate Buy" and a consensus target price of $116.21.

RB Global Price Performance

Shares of NYSE RBA traded down $0.29 during trading hours on Wednesday, reaching $110.06. 1,041,186 shares of the stock traded hands, compared to its average volume of 960,314. The company has a market capitalization of $20.38 billion, a P/E ratio of 54.22, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. RB Global has a 52-week low of $70.38 and a 52-week high of $111.71. The company's 50-day simple moving average is $106.33 and its two-hundred day simple moving average is $99.62.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, meeting analysts' consensus estimates of $0.89. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a return on equity of 8.03% and a net margin of 9.68%. RB Global's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RBA. Vanguard Group Inc. raised its stake in RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after buying an additional 358,752 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in RB Global by 3.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,241,186 shares of the business services provider's stock valued at $1,027,191,000 after buying an additional 352,530 shares during the last quarter. Geode Capital Management LLC raised its stake in RB Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock valued at $357,434,000 after buying an additional 264,778 shares during the last quarter. Fiera Capital Corp raised its stake in RB Global by 17.3% during the first quarter. Fiera Capital Corp now owns 3,773,914 shares of the business services provider's stock valued at $379,150,000 after buying an additional 557,407 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in RB Global by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock valued at $307,033,000 after buying an additional 19,895 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Transactions at RB Global

In other news, CEO James Francis Kessler sold 45,658 shares of RB Global stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $110.00, for a total value of $5,022,380.00. Following the sale, the chief executive officer directly owned 107,569 shares in the company, valued at approximately $11,832,590. This trade represents a 29.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO James J. Jeter sold 2,000 shares of RB Global stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the sale, the executive owned 14,167 shares in the company, valued at approximately $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,133 shares of company stock worth $7,843,729. Corporate insiders own 4.32% of the company's stock.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.05%. RB Global's dividend payout ratio is currently 57.14%.

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.