Rush Enterprises (NASDAQ:RUSHA) Releases Earnings Results, Beats Estimates By $0.09 EPS

Rush Enterprises (NASDAQ:RUSHA) released its quarterly earnings data on Tuesday. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09, Zacks reports. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%.

Rush Enterprises Price Performance

Rush Enterprises stock traded up $0.70 during mid-day trading on Tuesday, reaching $61.17. 293,727 shares of the company were exchanged, compared to its average volume of 282,736. The firm has a market cap of $4.83 billion, a PE ratio of 16.23, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The company has a fifty day simple moving average of $58.28 and a 200-day simple moving average of $55.86. Rush Enterprises has a 12 month low of $40.99 and a 12 month high of $65.15.

Wall Street Analyst Weigh In

Separately, Stephens lifted their target price on Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 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.