Rush Enterprises (NASDAQ:RUSHA) Issues Earnings Results

Rush Enterprises (NASDAQ:RUSHA) released its quarterly earnings results on Tuesday. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08, Zacks reports. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The company had revenue of $1.87 billion during the quarter. During the same period in the previous year, the company posted $1.07 EPS.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $49.23 on Wednesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. The company’s fifty day moving average is $49.42 and its 200-day moving average is $44.81. The company has a quick ratio of 0.27, a current ratio of 1.35 and a debt-to-equity ratio of 0.27. Rush Enterprises has a 12 month low of $33.37 and a 12 month high of $53.78.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Tuesday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s payout ratio is presently 16.41%.

Insider Buying and Selling

In other news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the sale, the senior vice president now owns 2,777 shares in the company, valued at approximately $134,073.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RUSHA has been the topic of several research reports. StockNews.com cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens reaffirmed an “overweight” rating and set a $58.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 14th.

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.