Brokers Issue Forecasts for Rocky Mountain Dealerships Inc.’s FY2018 Earnings (RME)

Rocky Mountain Dealerships Inc. (TSE:RME) – Analysts at National Bank Financial decreased their FY2018 EPS estimates for Rocky Mountain Dealerships in a research note issued to investors on Wednesday, November 7th. National Bank Financial analyst G. Colman now anticipates that the company will earn $0.90 per share for the year, down from their previous forecast of $1.02. National Bank Financial currently has a “Sector Perform” rating and a $12.50 target price on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ Q4 2018 earnings at $0.33 EPS and FY2019 earnings at $0.92 EPS.

Several other brokerages have also recently commented on RME. Laurentian set a C$14.00 target price on shares of Rocky Mountain Dealerships in a report on Thursday, August 9th. TD Securities decreased their target price on shares of Rocky Mountain Dealerships from C$16.00 to C$15.00 and set a “buy” rating for the company in a report on Monday, August 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$11.00 target price on shares of Rocky Mountain Dealerships in a report on Monday, October 29th. Finally, Raymond James decreased their target price on shares of Rocky Mountain Dealerships from C$14.50 to C$12.00 and set an “outperform” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$12.75.

Shares of RME opened at C$9.31 on Friday. Rocky Mountain Dealerships has a one year low of C$9.10 and a one year high of C$14.34. The company has a debt-to-equity ratio of 199.55, a quick ratio of 0.11 and a current ratio of 1.41.

Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Wednesday, November 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.10). The business had revenue of C$233.37 million for the quarter, compared to the consensus estimate of C$268.10 million.

About Rocky Mountain Dealerships

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4WD tractors, skid steer loaders, excavators, wheel loaders, and equipment for maintaining barns and feedlots.

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