Rocky Mountain Dealerships Inc. (RME) to Post FY2017 Earnings of $1.06 Per Share, National Bank Financial Forecasts

Rocky Mountain Dealerships Inc. (TSE:RME) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share estimates for Rocky Mountain Dealerships in a report issued on Wednesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $1.06 per share for the year, up from their prior estimate of $0.86. National Bank Financial has a “Outperform Overweight” rating and a $13.50 price objective on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ FY2018 earnings at $1.20 EPS.

Separately, TD Securities raised shares of Rocky Mountain Dealerships from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$10.00 to C$11.50 in a report on Wednesday, May 10th.

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Rocky Mountain Dealerships (TSE RME) opened at 10.09 on Monday. The company has a market capitalization of $195.58 million and a P/E ratio of 11.61. Rocky Mountain Dealerships has a 52-week low of $7.03 and a 52-week high of $11.25. The stock’s 50 day moving average is $9.98 and its 200-day moving average is $10.15.

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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