Rush Enterprises (NASDAQ:RUSHA) Announces Earnings Results

Rush Enterprises (NASDAQ:RUSHA) posted its quarterly earnings results on Tuesday. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08, Zacks reports. The company had revenue of $1.87 billion during the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.28%. During the same period in the prior year, the business posted $1.07 earnings per share.

Rush Enterprises Stock Down 5.7 %

Shares of RUSHA opened at $46.44 on Thursday. The firm has a market cap of $3.62 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. Rush Enterprises has a 12-month low of $33.37 and a 12-month high of $53.78. The company’s 50-day moving average price is $49.41 and its 200 day moving average price is $44.82. The company has a current ratio of 1.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. Rush Enterprises’s dividend payout ratio is presently 17.19%.

Insider Activity at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a research note on Wednesday. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.