RB Global (NYSE:RBA - Get Free Report) TSE: RBA issued its earnings results 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. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted $0.82 EPS.
RB Global Trading Down 0.9 %
NYSE:RBA traded down $0.92 on Friday, hitting $102.61. 1,232,000 shares of the stock were exchanged, compared to its average volume of 1,036,294. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The stock has a market capitalization of $18.95 billion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 4.36 and a beta of 0.96. The company's 50-day moving average price is $91.78 and its 200 day moving average price is $88.25. RB Global has a 52 week low of $67.15 and a 52 week high of $106.90.
RB Global Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.13%. RB Global's dividend payout ratio is currently 57.71%.
Analyst Ratings Changes
A number of research firms recently issued reports on RBA. CIBC cut their price target on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday. Robert W. Baird lifted their price target on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James lifted their price target on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.64.
Read Our Latest Report on RB Global
About RB Global
(
Get Free Report)
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.
Further Reading
Before you consider RB Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RB Global wasn't on the list.
While RB Global currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
