Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans Quarterly Dividend of $0.17

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, May 8th.

Rush Enterprises has raised its dividend by an average of 31.8% annually over the last three years and has increased its dividend every year for the last 5 years.

Rush Enterprises Stock Down 2.3 %

Shares of NASDAQ RUSHA traded down $1.07 during mid-day trading on Thursday, reaching $45.37. 63,705 shares of the company were exchanged, compared to its average volume of 374,092. The company has a quick ratio of 0.27, a current ratio of 1.35 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.14 and a beta of 1.02. Rush Enterprises has a 1 year low of $33.37 and a 1 year high of $53.78. The firm has a 50-day moving average of $49.41 and a 200 day moving average of $44.82.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.28% and a net margin of 4.16%. The firm had revenue of $1.87 billion during the quarter. During the same quarter last year, the company earned $1.07 earnings per share. On average, research analysts expect that Rush Enterprises will post 2.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on RUSHA. StockNews.com cut Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday.

Insider Transactions at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the transaction, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 17.10% of the company’s stock.

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.