RB Global, Inc. (RBA) to Issue Quarterly Dividend of $0.31 on March 2nd

RB Global, Inc. (NYSE:RBA) (TSE:RBA) announced a quarterly dividend on Tuesday, January 20th. Stockholders of record on Monday, February 9th will be given a dividend of 0.31 per share by the business services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, February 9th.

RB Global has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. RB Global has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RB Global to earn $3.41 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 36.4%.

RB Global Stock Up 2.5%

Shares of RBA stock opened at $117.84 on Friday. RB Global has a one year low of $87.87 and a one year high of $119.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.15. The stock has a fifty day moving average price of $107.82 and a 200 day moving average price of $107.78. The stock has a market cap of $21.90 billion, a P/E ratio of 56.38, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Analysts predict that RB Global will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on RBA shares. National Bank Financial upgraded RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 target price for the company in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RB Global in a research note on Thursday, January 22nd. Raymond James Financial boosted their target price on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada upped their target price on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.13.

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.