RB Global FY2025 EPS Decreased by National Bank Financial

RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA - Stock analysts at National Bank Financial decreased their FY2025 earnings per share estimates for shares of RB Global in a research note issued to investors on Monday, July 14th. National Bank Financial analyst M. Sytchev now expects that the business services provider will post earnings per share of $3.66 for the year, down from their prior forecast 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.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.89. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS.

Several other brokerages also recently commented on RBA. National Bankshares dropped their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen downgraded RB Global from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Raymond James Financial raised their target price on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Royal Bank Of Canada set a $125.00 target price on RB Global and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird raised their target price on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $116.21.

RB Global Trading Down 0.3%

Shares of RB Global stock traded down $0.29 during trading hours on Thursday, reaching $110.06. The stock had a trading volume of 1,041,186 shares, compared to its average volume of 1,098,740. The firm has a 50 day simple moving average of $106.25 and a two-hundred day simple moving average of $99.48. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 2.52 and a beta of 0.77. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. RB Global has a 1 year low of $70.38 and a 1 year high of $111.71.

Institutional Investors Weigh In On RB Global

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of RB Global by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after acquiring an additional 358,752 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of RB Global by 3.6% in the 1st 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 acquiring an additional 352,530 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RB Global by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock valued at $357,434,000 after acquiring an additional 264,778 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of RB Global by 17.3% in the 1st quarter. Fiera Capital Corp now owns 3,773,914 shares of the business services provider's stock valued at $379,150,000 after acquiring an additional 557,407 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of RB Global by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock valued at $307,033,000 after acquiring an additional 19,895 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 45,658 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the completion of the sale, the chief executive officer owned 107,569 shares in the company, valued at $11,832,590. This trade represents a 29.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James J. Jeter sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the sale, the executive owned 14,167 shares of the company's stock, valued at approximately $1,515,302.32. This trade represents a 12.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,133 shares of company stock worth $7,843,729 over the last quarter. 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. Shareholders of record on Thursday, May 29th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.05%. RB Global's dividend payout ratio (DPR) is presently 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.