Rush Enterprises (NASDAQ:RUSHA) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Rush Enterprises (NASDAQ:RUSHA) posted its earnings results on Tuesday. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08, Zacks reports. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The company had revenue of $1.87 billion during the quarter. During the same quarter in the prior year, the business posted $1.07 EPS.

Rush Enterprises Stock Up 1.9 %

Shares of RUSHA opened at $49.23 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Rush Enterprises has a 12 month low of $33.37 and a 12 month high of $53.78. The firm’s 50 day moving average is $49.42 and its 200-day moving average is $44.81. The stock has a market capitalization of $3.83 billion, a PE ratio of 11.88, a P/E/G ratio of 1.12 and a beta of 1.02.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.38%. Rush Enterprises’s payout ratio is presently 16.41%.

Insider Activity at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 17.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RUSHA shares. Stephens restated an “overweight” rating and set a $58.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 14th. StockNews.com lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 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.