FY2018 Earnings Forecast for Rocky Mountain Dealerships Inc. (RME) Issued By National Bank Financial

Rocky Mountain Dealerships Inc. (TSE:RME) – Equities researchers at National Bank Financial lifted their FY2018 earnings per share (EPS) estimates for shares of Rocky Mountain Dealerships in a research note issued on Tuesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $1.41 for the year, up from their previous estimate of $1.39. National Bank Financial has a “Outperform” rating and a $17.00 price target on the stock.

Several other analysts also recently weighed in on the company. CIBC downgraded Rocky Mountain Dealerships from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$13.50 to C$15.00 in a research note on Tuesday, January 9th. TD Securities upped their price target on Rocky Mountain Dealerships from C$13.50 to C$16.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Raymond James Financial increased their target price on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an “outperform” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$14.50.

Shares of Rocky Mountain Dealerships (TSE:RME) traded down C$0.55 during mid-day trading on Thursday, reaching C$12.16. The company had a trading volume of 72,834 shares, compared to its average volume of 52,551. Rocky Mountain Dealerships has a 1 year low of C$9.20 and a 1 year high of C$14.34. The stock has a market cap of $237.22, a P/E ratio of 12.16 and a beta of 0.97.

Rocky Mountain Dealerships (TSE:RME) last issued its earnings results on Wednesday, November 8th. The company reported C$0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.11. Rocky Mountain Dealerships had a return on equity of 19.81% and a net margin of 3.80%.

In related news, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$13.60, for a total transaction of C$680,000.00. Also, insider Jerald Palmer sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$12.38, for a total value of C$185,700.00. Over the last 90 days, insiders sold 127,600 shares of company stock worth $1,678,900.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/25/fy2018-earnings-forecast-for-rocky-mountain-dealerships-inc-rme-issued-by-national-bank-financial.html.

About Rocky Mountain Dealerships

Rocky Mountain Dealerships Inc is an agriculture equipment dealer with a network of full-service agriculture and industrial equipment stores across the Canadian Prairie Provinces. The Company operates in two segments: agriculture segment and industrial segment. The agriculture segment primarily includes sales of agricultural equipment, parts and services, and the industrial segment includes sales of industrial equipment, parts and services.

Receive News & Ratings for Rocky Mountain Dealerships Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Dealerships and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply