Is RB Global Inc (NYSE: RBA) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted RB Global Appoints Nancy King as Chief Technology Officer.

Stocks Info

This NYSE-listed company operates within the Specialty Business Services industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $76.12 and fluctuated between $76.19 as its day high and $74.25 as its day low. The current market capitalization of RB Global Inc is $13.93B. A total of 0.92 million shares were traded on the day, compared to an average of 886.04K 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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 90.17. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RBA has a high of $77.99 and a low of $51.07.

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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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.