FY2018 EPS Estimates for Rocky Mountain Dealerships Inc. (RME) Boosted by National Bank Financial

Rocky Mountain Dealerships Inc. (TSE:RME) – National Bank Financial increased their FY2018 earnings per share estimates for Rocky Mountain Dealerships in a research report issued on Tuesday. National Bank Financial analyst G. Colman now expects that the company will post earnings per share of $1.41 for the year, up from their prior estimate of $1.39. National Bank Financial has a “Outperform” rating and a $17.00 price objective on the stock.

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

Shares of Rocky Mountain Dealerships (TSE:RME) traded up C$0.20 during midday trading on Thursday, reaching C$12.72. The company had a trading volume of 56,100 shares, compared to its average volume of 52,819. Rocky Mountain Dealerships has a 1 year low of C$9.20 and a 1 year high of C$14.34. The firm has a market capitalization of $237.22, a PE ratio of 12.52 and a beta of 0.97.

Rocky Mountain Dealerships (TSE:RME) last issued its quarterly earnings results on Wednesday, November 8th. The company reported C$0.44 EPS for the quarter, beating the 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 other news, insider Jerald Palmer sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of C$12.38, for a total transaction of C$185,700.00. Also, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$13.60, for a total value of C$680,000.00. Over the last ninety days, insiders sold 127,600 shares of company stock valued at $1,678,900.

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Rocky Mountain Dealerships Company Profile

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.

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