Rocky Mountain Dealerships (RME) Announces Earnings Results, Meets Estimates

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Rocky Mountain Dealerships (TSE:RME) issued its quarterly earnings results on Wednesday. The company reported C$0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.33, Morningstar.com reports. The company had revenue of C$295.42 million during the quarter, compared to analysts’ expectations of C$298.20 million.

Shares of RME stock traded up C$0.13 during trading on Thursday, reaching C$8.75. The company had a trading volume of 27,661 shares, compared to its average volume of 26,190. The company has a debt-to-equity ratio of 192.69, a quick ratio of 0.10 and a current ratio of 1.41. Rocky Mountain Dealerships has a one year low of C$8.19 and a one year high of C$13.08. The company has a market capitalization of $173.03 million and a price-to-earnings ratio of 8.87.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.123 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 5.62%. This is an increase from Rocky Mountain Dealerships’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, March 14th. Rocky Mountain Dealerships’s dividend payout ratio (DPR) is presently 47.41%.

A number of brokerages have commented on RME. Raymond James upgraded Rocky Mountain Dealerships to a “buy” rating and set a C$12.00 price objective for the company in a research report on Thursday, December 13th. CIBC decreased their price objective on Rocky Mountain Dealerships from C$11.50 to C$10.50 in a research report on Tuesday, January 15th.

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Rocky Mountain Dealerships Company Profile

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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Earnings History for Rocky Mountain Dealerships (TSE:RME)

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