Q3 2019 EPS Estimates for Rocky Mountain Dealerships Inc. Lowered by Analyst (TSE:RME)

Rocky Mountain Dealerships Inc. (TSE:RME) – Research analysts at Raymond James lowered their Q3 2019 EPS estimates for shares of Rocky Mountain Dealerships in a report released on Thursday, August 1st. Raymond James analyst B. Cherniavsky now forecasts that the company will post earnings per share of $0.22 for the quarter, down from their previous estimate of $0.26. Raymond James currently has a “Outperform” rating and a $10.50 target price on the stock. Raymond James also issued estimates for Rocky Mountain Dealerships’ Q4 2019 earnings at $0.30 EPS.

RME has been the subject of several other reports. National Bank Financial cut their price target on shares of Rocky Mountain Dealerships from C$8.00 to C$7.50 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. CIBC cut their price target on shares of Rocky Mountain Dealerships from C$10.00 to C$9.00 in a report on Tuesday, July 16th. TD Securities cut shares of Rocky Mountain Dealerships from a “buy” rating to a “hold” rating and dropped their target price for the company from C$11.50 to C$8.50 in a report on Thursday, August 1st. Finally, Royal Bank of Canada dropped their target price on shares of Rocky Mountain Dealerships from C$9.00 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st.

TSE RME opened at C$7.23 on Monday. The stock has a market capitalization of $143.31 million and a PE ratio of 14.46. Rocky Mountain Dealerships has a 52-week low of C$7.00 and a 52-week high of C$12.01. The business’s 50-day moving average price is C$7.59. The company has a quick ratio of 0.09, a current ratio of 1.29 and a debt-to-equity ratio of 266.25.

Rocky Mountain Dealerships Company Profile

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, rents, 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 4 wheel-drive tractors, skid steer loaders, excavators, wheel loaders, graders, and equipment for maintaining barns and feedlots.

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