RB Global (RBA) Set to Announce Quarterly Earnings on Friday

RB Global (NYSE:RBA - Get Free Report) TSE: RBA is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. RB Global had a net margin of 8.67% and a return on equity of 7.27%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the previous year, the company earned $0.42 earnings per share. RB Global's quarterly revenue was down .9% compared to the same quarter last year. On average, analysts expect RB Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RB Global Stock Performance

RBA traded up $0.38 on Friday, reaching $85.12. The company had a trading volume of 567,025 shares, compared to its average volume of 1,021,737. RB Global has a 1 year low of $58.85 and a 1 year high of $87.45. The stock has a market capitalization of $15.70 billion, a PE ratio of 47.81, a P/E/G ratio of 5.62 and a beta of 0.93. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $83.43 and a 200-day moving average price of $79.05.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RBA shares. BMO Capital Markets started coverage on shares of RB Global in a report on Thursday, September 5th. They issued an "outperform" rating and a $105.00 target price for the company. Bank of America upped their target price on shares of RB Global from $79.00 to $92.50 and gave the company a "neutral" rating in a report on Monday, August 26th. Robert W. Baird upped their target price on shares of RB Global from $80.00 to $86.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Raymond James boosted their price target on shares of RB Global from $95.00 to $98.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price target on shares of RB Global from $93.00 to $99.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, RB Global has a consensus rating of "Moderate Buy" and an average target price of $92.19.

Insider Activity

In other news, CRO James J. Jeter sold 2,920 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $78.96, for a total value of $230,563.20. Following the sale, the executive now directly owns 23,267 shares in the company, valued at $1,837,162.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO James J. Jeter sold 2,920 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $78.96, for a total transaction of $230,563.20. Following the transaction, the executive now owns 23,267 shares of the company's stock, valued at approximately $1,837,162.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Darren Jeffrey Watt sold 2,915 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $82.80, for a total transaction of $241,362.00. Following the transaction, the insider now directly owns 19,271 shares in the company, valued at $1,595,638.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,601 shares of company stock worth $3,720,043 over the last ninety days. 4.32% of the stock is currently owned by insiders.

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.