RB Global (NYSE:RBA) Posts Quarterly Earnings Results, Misses Expectations By $0.23 EPS

RB Global (NYSE:RBA) (TSE:RBA) released its quarterly earnings data on Tuesday. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23), Zacks reports. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.03%. During the same period last year, the company earned $0.82 earnings per share.

RB Global Price Performance

Shares of NYSE RBA traded down $1.23 during mid-day trading on Thursday, reaching $103.50. The company’s stock had a trading volume of 102,016 shares, compared to its average volume of 1,006,661. The stock has a 50-day moving average of $91.62 and a two-hundred day moving average of $88.14. The stock has a market capitalization of $19.12 billion, a P/E ratio of 51.53, a P/E/G ratio of 4.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global has a 1-year low of $65.99 and a 1-year high of $106.90.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, February 14th. RB Global’s dividend payout ratio (DPR) is 57.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Raymond James boosted their target price on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird boosted their target price on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, CIBC reduced their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and an average price target of $107.64.

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.