National Bank Financial Predicts RB Global FY2025 Earnings

RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA - Equities research analysts at National Bank Financial cut their FY2025 EPS estimates for shares of RB Global in a research note issued to investors on Monday, July 14th. National Bank Financial analyst M. Sytchev now forecasts that the business services provider will earn $3.66 per share for the year, down from their prior estimate of $3.72. 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. National Bank Financial also issued estimates for RB Global's FY2026 earnings at $3.83 EPS.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada set a $125.00 target price on shares of RB Global and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Robert W. Baird raised their target price on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. National Bankshares reduced their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Raymond James Financial raised their target price on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, CIBC raised their target price on shares of RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.21.

RB Global Stock Performance

NYSE RBA traded down $0.29 on Thursday, hitting $110.06. The stock had a trading volume of 1,041,186 shares, compared to its average volume of 959,934. RB Global has a one year low of $70.38 and a one year high of $111.71. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 2.54 and a beta of 0.77. The company's 50-day moving average is $106.33 and its two-hundred day moving average is $99.75.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. RB Global's quarterly revenue was up 4.1% on a year-over-year basis.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders 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 annualized dividend and a yield of 1.05%. RB Global's dividend payout ratio is 57.14%.

Insider Activity at RB Global

In related news, insider Darren Jeffrey Watt sold 7,400 shares of RB Global stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $814,000.00. Following the completion of the transaction, the insider directly owned 24,874 shares of the company's stock, valued at $2,736,140. This trade represents a 22.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Francis Kessler sold 45,658 shares of RB Global stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the transaction, the chief executive officer directly owned 107,569 shares of the company's stock, valued at $11,832,590. This represents a 29.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,133 shares of company stock worth $7,843,729 in the last ninety days. Company insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC raised its position in RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after acquiring an additional 117 shares in the last quarter. SouthState Corp acquired a new stake in RB Global during the first quarter worth about $26,000. MV Capital Management Inc. grew its stake in RB Global by 5,560.0% during the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after buying an additional 278 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of RB Global in the 1st quarter valued at approximately $28,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

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.