RB Global, Inc. (TSE:RBA – Get Free Report) (NYSE:RBA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$107.30 and traded as high as C$120.20. RB Global shares last traded at C$119.55, with a volume of 136,719 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets upgraded RB Global to a “strong-buy” rating in a research report on Thursday, September 5th.
View Our Latest Stock Report on RB Global
RB Global Price Performance
RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.08). RB Global had a return on equity of 6.61% and a net margin of 8.68%. The business had revenue of C$1.50 billion during the quarter, compared to analysts’ expectations of C$1.54 billion. Equities analysts anticipate that RB Global, Inc. will post 5.0577819 earnings per share for the current fiscal year.
RB Global Increases Dividend
The firm also recently declared a 1 dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, January 1st were paid a $1.602 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from RB Global’s previous 1 dividend of $1.49. RB Global’s dividend payout ratio is presently 64.23%.
Insider Activity
In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total transaction of C$256,650.00. Company insiders own 0.29% of the company’s stock.
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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