Rocky Mountain Dealerships (TSE:RME) announced its earnings results on Wednesday. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.15), Morningstar.com reports. Rocky Mountain Dealerships had a return on equity of 19.81% and a net margin of 3.80%. The business had revenue of C$219.65 million during the quarter, compared to analysts’ expectations of C$226.50 million.
Shares of TSE RME opened at C$11.40 on Friday. Rocky Mountain Dealerships has a twelve month low of C$9.58 and a twelve month high of C$14.34.
RME has been the topic of a number of research analyst reports. National Bank Financial boosted their target price on Rocky Mountain Dealerships from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Raymond James boosted their target price on Rocky Mountain Dealerships from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, March 15th.
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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