Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans $0.18 Quarterly Dividend

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Wednesday, February 19th,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 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, March 3rd.

Rush Enterprises has raised its dividend payment by an average of 12.4% annually over the last three years. Rush Enterprises has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rush Enterprises to earn $3.92 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 18.4%.

Rush Enterprises Stock Up 1.3 %

NASDAQ RUSHA traded up $0.82 on Wednesday, reaching $61.99. The company had a trading volume of 636,274 shares, compared to its average volume of 293,483. The firm has a market capitalization of $4.90 billion, a PE ratio of 16.44, a P/E/G ratio of 2.41 and a beta of 1.02. Rush Enterprises has a 1 year low of $40.99 and a 1 year high of $65.43. The firm has a 50-day moving average of $58.29 and a 200-day moving average of $55.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. On average, equities research analysts anticipate that Rush Enterprises will post 3.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and set a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday.

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.