tiprankstipranks
Ritchie Bros Faces Revenue Dip Amid Leadership Changes
Company Announcements

Ritchie Bros Faces Revenue Dip Amid Leadership Changes

Pick the best stocks and maximize your portfolio:

The latest announcement is out from Ritchie Bros ( (TSE:RBA) ).

RB Global, Inc. announced its third-quarter 2024 financial results, revealing a 7% decline in total gross transaction value and a 4% drop in total revenue, while net income surged by 20% year-over-year to $76 million. Despite challenges, the company increased its net income available to stockholders by 22% and maintained strategic investments for future growth. The company is committed to cost management and enhancing value for shareholders with a quarterly cash dividend of $0.29 per share.

For detailed information about RBA stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyRB Global price target raised to $109 from $102 at CIBC
TheFlyRB Global price target raised to $107 from $105 at BMO Capital
TheFlyRB Global price target raised to $107 from $99 at RBC Capital
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App