RB Global (RBA) to Release Earnings on Wednesday

RB Global (NYSE:RBA - Get Free Report) TSE: RBA is projected to post its Q2 2025 quarterly earnings results after the market closes on Wednesday, August 6th. Analysts expect RB Global to post earnings of $0.97 per share and revenue of $1.14 billion for the quarter.

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 EPS for the quarter, meeting the consensus estimate of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The company's revenue for the quarter was up 4.1% on a year-over-year basis. 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 Stock Up 0.0%

Shares of NYSE:RBA traded up $0.04 on Friday, hitting $108.30. 636,140 shares of the company traded hands, compared to its average volume of 822,204. RB Global has a 52 week low of $70.38 and a 52 week 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 50 day simple moving average of $106.58 and a 200-day simple moving average of $100.87. The company has a market cap of $20.09 billion, a PE ratio of 53.35, a PEG ratio of 2.50 and a beta of 0.75.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. RB Global's dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling

In related news, CEO James Francis Kessler sold 45,658 shares of RB Global stock in a transaction dated 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of RB Global stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total value of $950,334.00. Following the completion of the sale, the insider owned 5,532 shares of the company's stock, valued at $579,311.04. The trade was a 62.13% 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 three months. 4.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RB Global

Large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider's stock valued at $54,000 after purchasing an additional 97 shares during the period. NewEdge Advisors LLC grew its stake in shares of RB Global by 53.1% during the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider's stock valued at $59,000 after purchasing an additional 204 shares during the period. Jones Financial Companies Lllp grew its stake in shares of RB Global by 857.9% during the 1st quarter. Jones Financial Companies Lllp now owns 3,736 shares of the business services provider's stock valued at $375,000 after purchasing an additional 3,346 shares during the period. AQR Capital Management LLC grew its stake in shares of RB Global by 94.3% during the 1st quarter. AQR Capital Management LLC now owns 10,489 shares of the business services provider's stock valued at $1,031,000 after purchasing an additional 5,090 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of RB Global during the 1st quarter valued at about $4,103,000. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RBA has been the subject of several analyst reports. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the company an "outperform" rating in a report on Wednesday, July 2nd. National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. National Bankshares reduced their price target on 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 price target on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded RB Global from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, RB Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.21.

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.