RB Global (RBA) to Release Earnings on Wednesday

RB Global (NYSE:RBA - Get Free Report) TSE: RBA is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $1.02 billion for the quarter.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, analysts expect RB Global to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

RB Global Trading Up 2.6 %

Shares of NYSE:RBA traded up $2.60 on Friday, reaching $102.55. 1,611,899 shares of the company traded hands, compared to its average volume of 1,096,345. The stock has a market capitalization of $18.99 billion, a P/E ratio of 51.02, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business's 50-day simple moving average is $98.13 and its 200 day simple moving average is $94.08. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global has a 52 week low of $69.83 and a 52 week high of $106.90.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RBA shares. BMO Capital Markets lifted their price target on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. CIBC lowered their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Robert W. Baird increased their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, Raymond James increased their target price on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.36.

Insiders Place Their Bets

In related news, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now owns 20,267 shares of the company's stock, valued at $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,897 shares of company stock worth $2,338,161. 4.32% of the stock is currently owned by corporate insiders.

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.