RB Global, Inc. (RBA) To Go Ex-Dividend on May 27th

RB Global, Inc. (NYSE:RBA) (TSE:RBA) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Wednesday, May 27th will be given a dividend of 0.31 per share by the business services provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 27th.

RB Global has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. RB Global has a payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect RB Global to earn $4.62 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 26.8%.

RB Global Price Performance

Shares of RB Global stock opened at $104.79 on Monday. The firm has a fifty day simple moving average of $101.30 and a 200-day simple moving average of $103.70. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40. RB Global has a 1-year low of $93.58 and a 1-year high of $119.58. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 1.67 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Monday, May 4th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.89 earnings per share. RB Global’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts expect that RB Global will post 4.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RBA shares. Weiss Ratings raised shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Stephens reaffirmed an “equal weight” rating and set a $96.00 target price on shares of RB Global in a research report on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and issued a $135.00 price target (up from $130.00) on shares of RB Global in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price target on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, RB Global has a consensus rating of “Moderate Buy” and a consensus price target of $126.43.

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.