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. Shareholders of record on Monday, February 9th will be paid a dividend of 0.31 per share by the business services provider on Monday, March 2nd. This represents a c) annualized dividend and a 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 dividend 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 Price Performance

Shares of NYSE:RBA opened at $115.61 on Thursday. The business has a 50-day simple moving average of $103.56 and a two-hundred day simple moving average of $107.12. RB Global has a fifty-two week low of $86.68 and a fifty-two week high of $119.58. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 55.31, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.23.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on RBA. Royal Bank Of Canada boosted their target price on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings lowered shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. National Bank Financial raised shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Monday, November 24th. Finally, National Bankshares reduced their price objective on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research note on Thursday, October 9th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.13.

About RB Global

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.