RB Global, Inc. (NYSE:RBA) to Issue Quarterly Dividend of $0.31

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

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% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.1%

Shares of RB Global stock opened at $104.79 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.07. RB Global has a 1 year low of $93.58 and a 1 year high of $119.58. The company has a market capitalization of $19.48 billion, a P/E ratio of 48.74, a P/E/G ratio of 1.67 and a beta of 0.57. The business has a 50 day moving average price of $101.30 and a 200 day moving average price of $103.70.

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 (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. RB Global had a return on equity of 12.33% and a net margin of 9.55%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that RB Global will post 4.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stephens restated an “equal weight” rating and set a $96.00 price objective on shares of RB Global in a research report on Tuesday, May 5th. Weiss Ratings upgraded RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. BMO Capital Markets restated an “outperform” rating and set a $135.00 price objective (up from $130.00) on shares of RB Global in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price objective on RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.