Rush Enterprises (RUSHA) Projected to Post Quarterly Earnings on Wednesday

Rush Enterprises (NASDAQ:RUSHA) is expected to announce its earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $1.86 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, analysts expect Rush Enterprises to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $50.60 on Tuesday. The company has a market cap of $4.01 billion, a P/E ratio of 13.57, a PEG ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. Rush Enterprises has a one year low of $40.99 and a one year high of $65.43. The business’s 50-day simple moving average is $53.73 and its 200 day simple moving average is $56.83.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. Rush Enterprises’s payout ratio is 19.30%.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Analysts Set New Price Targets

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

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.