Rush Enterprises, Inc. (RUSHA) to Issue Quarterly Dividend of $0.18 on March 18th

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.18 per share on Tuesday, March 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Monday, March 3rd.

Rush Enterprises has raised its dividend by an average of 12.4% annually over the last three years. Rush Enterprises has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rush Enterprises to earn $4.93 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 14.6%.

Rush Enterprises Stock Up 0.6 %

RUSHA opened at $58.32 on Friday. The firm has a 50-day simple moving average of $58.19 and a two-hundred day simple moving average of $56.24. Rush Enterprises has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a market capitalization of $4.61 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Analysts forecast that Rush Enterprises will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “overweight” rating and issued a $69.00 price target on shares of Rush Enterprises in a report on Wednesday, February 19th.

Insider Transactions at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company’s stock.

About Rush Enterprises

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.