Rush Enterprises (RUSHA) Expected to Post Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is expected to be issuing its results after the market closes on Tuesday, July 28th. Analysts expect Rush Enterprises to post earnings of $0.88 per share and revenue of $1.8914 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.73 billion. On average, analysts expect Rush Enterprises to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rush Enterprises Trading Down 2.6%

Shares of NASDAQ:RUSHA opened at $74.92 on Tuesday. Rush Enterprises has a 52-week low of $45.67 and a 52-week high of $80.17. The company has a market capitalization of $5.82 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. The company has a 50-day simple moving average of $71.06 and a 200 day simple moving average of $68.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.46.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 12th. Rush Enterprises’s payout ratio is currently 22.96%.

Wall Street Analyst Weigh In

A number of research firms have commented on RUSHA. Stephens reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Rush Enterprises in a research report on Tuesday, May 19th. Wolfe Research began coverage on shares of Rush Enterprises in a research note on Monday, April 27th. They set an “outperform” rating and a $88.00 target price for the company. Weiss Ratings downgraded shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Rush Enterprises has an average rating of “Hold” and an average price target of $83.67.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, the director owned 16,229 shares of the company’s stock, valued at $1,172,220.67. This represents a 33.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC raised its position in Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after purchasing an additional 431 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Rush Enterprises in the third quarter valued at approximately $34,000. Allworth Financial LP raised its holdings in Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after buying an additional 637 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Rush Enterprises by 427.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock worth $40,000 after buying an additional 633 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Rush Enterprises by 70.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 950 shares of the company’s stock worth $51,000 after acquiring an additional 392 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.