Rush Enterprises (RUSHA) Expected to Announce Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is expected to be releasing its results after the market closes on Tuesday, April 28th. Analysts expect Rush Enterprises to post earnings of $0.7760 per share and revenue of $1.6944 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%.The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. 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 Up 1.5%

RUSHA opened at $75.06 on Tuesday. Rush Enterprises has a 1-year low of $45.67 and a 1-year high of $75.99. The company has a current ratio of 1.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.46 and a beta of 0.89. The business has a 50 day moving average of $68.62 and a 200-day moving average of $59.90.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, March 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $80.00 target price (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Finally, UBS Group reiterated a “neutral” rating and issued a $73.00 target price (up from $70.00) on shares of Rush Enterprises in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.50.

Insider Activity at Rush Enterprises

In related news, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $71.86, for a total value of $323,370.00. Following the completion of the sale, the senior vice president owned 12,590 shares in the company, valued at approximately $904,717.40. This trade represents a 26.33% 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, SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $71.92, for a total transaction of $809,100.00. Following the completion of the sale, the senior vice president owned 3,385 shares of the company’s stock, valued at approximately $243,449.20. The trade was a 76.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,750 shares of company stock worth $2,349,450 in the last three months. Corporate insiders own 12.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUSHA. Goldman Sachs Group Inc. lifted its stake in Rush Enterprises by 174.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 955,989 shares of the company’s stock worth $51,566,000 after purchasing an additional 607,047 shares during the period. Millennium Management LLC lifted its stake in Rush Enterprises by 280.4% during the third quarter. Millennium Management LLC now owns 540,942 shares of the company’s stock worth $28,924,000 after purchasing an additional 398,721 shares during the period. Ameriprise Financial Inc. lifted its stake in Rush Enterprises by 91.9% during the second quarter. Ameriprise Financial Inc. now owns 628,855 shares of the company’s stock worth $32,392,000 after purchasing an additional 301,119 shares during the period. Woodline Partners LP bought a new position in Rush Enterprises during the third quarter worth about $10,906,000. Finally, Loomis Sayles & Co. L P bought a new position in Rush Enterprises during the fourth quarter worth about $7,539,000. Institutional investors own 84.43% of the company’s stock.

About Rush Enterprises

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.