RB Global (RBA) Expected to Announce Earnings on Tuesday

RB Global (NYSE:RBA) (TSE:RBA) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $1.06 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

RB Global Trading Up 0.9 %

NYSE:RBA opened at $93.53 on Tuesday. RB Global has a 52 week low of $65.79 and a 52 week high of $99.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. The firm’s fifty day moving average is $91.67 and its 200-day moving average is $87.30. The firm has a market cap of $17.28 billion, a P/E ratio of 50.83, a P/E/G ratio of 3.82 and a beta of 0.96.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. RB Global’s dividend payout ratio (DPR) is currently 63.04%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBA. BMO Capital Markets boosted their price objective on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. CIBC dropped their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada raised their price target on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.21.

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.