The Question Is Whether To Buy Or Not To Buy RB Global Inc (NYSE: RBA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Ritchie Bros. Sells US$258+ Million of Heavy Equipment Assets and Vehicles in its 2024 Premier Global Auction in Orlando, FL.

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Stocks Info

RB Global Inc is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Business Services industry. The current market capitalization of RB Global Inc is $13.93B. A total of 0.73 million shares were traded on the day, compared to an average of 914.71K shares.

In the most recent transaction, Watt Darren Jeffrey sold 2,300 shares of RBA for 76.97 per share on Mar 01 ’24. After the transaction, the Chief Legal Officer now owns 21,103 company shares. In a previous transaction on Feb 29 ’24, JETER JAMES J sold 11,416 shares at 76.32 per share. RBA shares that Chief Revenue Officer owns now total 30,915.

Among the insiders who sold shares, CONCORS BARON disposed of 42,919 shares on Feb 28 ’24 at a per-share price of $76.64. This resulted in the Chief Product & Tech. Officer holding 18,513 shares of RBA after the transaction. In another insider transaction, Watt Darren Jeffrey sold 1,100 shares at $77.05 per share on Feb 28 ’24. Company shares held by the Chief Legal Officer now total 21,103.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. RB Global Inc pays an annual dividend of $1.08, resulting in a dividend yield of 1.42%, and it has a price to earnings (P/E) ratio of 90.14. RBA’s most recent ex-dividend date was 2/8/2024 when it declared a $0.27 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/21/2023 with an ex-dividend date of 11/29/2023. The RBA stock dividend was $0.27 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RBA has a high of $77.99 and a low of $50.51.

As of this writing, RBA has an earnings estimate of $0.72 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.75 per share and a lower estimate of $0.61. The company reported an EPS of $0.72 in the last quarter, which was 46.90% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RBA’s latest balance sheet shows that the firm has $326.11M in Cash & Short Term Investments as of fiscal 2021. There were $1.87B in debt and $588.42M in liabilities at the time. Its Book Value Per Share was $27.44, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RBA is Buy with a score of 4.33.

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