RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last posted its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. RB Global’s revenue for the quarter was up 134.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. 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 Trading Down 2.0 %
Shares of RB Global stock opened at $70.80 on Tuesday. The firm’s 50-day moving average price is $74.70 and its two-hundred day moving average price is $68.39. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of 83.29, a PEG ratio of 5.43 and a beta of 0.88. The company has a quick ratio of 1.23, a current ratio of 1.35 and a debt-to-equity ratio of 0.61. RB Global has a 12-month low of $51.07 and a 12-month high of $77.99.
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Analyst Upgrades and Downgrades
RBA has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Raymond James boosted their price target on RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. StockNews.com raised RB Global from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Scotiabank boosted their target price on RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.
Check Out Our Latest Report on RB Global
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.
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