RB Global, Inc. (TSE:RBA - Free Report) NYSE: RBA - Research analysts at Raymond James decreased their Q3 2024 EPS estimates for shares of RB Global in a research note issued on Tuesday, October 1st. Raymond James analyst S. Hansen now expects that the company will post earnings of $0.44 per share for the quarter, down from their prior estimate of $0.60. The consensus estimate for RB Global's current full-year earnings is $5.06 per share. Raymond James also issued estimates for RB Global's Q4 2024 earnings at $0.71 EPS, FY2024 earnings at $2.61 EPS and FY2025 earnings at $3.26 EPS.
Separately, BMO Capital Markets raised shares of RB Global to a "strong-buy" rating in a report on Thursday, September 5th.
Check Out Our Latest Stock Report on RB Global
RB Global Price Performance
TSE RBA traded up C$0.55 during trading hours on Thursday, reaching C$108.54. The company's stock had a trading volume of 282,995 shares, compared to its average volume of 154,595. RB Global has a 1 year low of C$80.97 and a 1 year high of C$117.55. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 80.04. The company has a market capitalization of C$20.00 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 2.43 and a beta of 0.93. The firm's 50-day moving average price is C$111.61 and its 200-day moving average price is C$106.25.
RB Global (TSE:RBA - Get Free Report) NYSE: RBA last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.74 EPS for the quarter, missing the consensus estimate of C$0.82 by C($0.08). The business had revenue of C$1.50 billion during the quarter, compared to analysts' expectations of C$1.54 billion. RB Global had a net margin of 8.68% and a return on equity of 6.61%.
RB Global Increases Dividend
The company also recently disclosed a 1 dividend, which was paid on Wednesday, August 28th. Stockholders of record on Friday, January 1st were issued a dividend of $1.602 per share. This is a boost from RB Global's previous 1 dividend of $1.49. The ex-dividend date was Wednesday, September 18th. RB Global's dividend payout ratio is 64.23%.
Insider Activity
In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total value of C$256,650.00. Corporate insiders own 0.29% of the company's stock.
About RB Global
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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.
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