Rush Enterprises (NASDAQ:RUSHA) Issues Quarterly Earnings Results

Rush Enterprises (NASDAQ:RUSHA) announced its quarterly earnings data on Tuesday. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01, Zacks reports. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%.

Rush Enterprises Price Performance

Shares of RUSHA traded up $0.12 during midday trading on Tuesday, hitting $45.48. The company’s stock had a trading volume of 841,440 shares, compared to its average volume of 706,515. The company has a quick ratio of 0.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. Rush Enterprises has a one year low of $30.45 and a one year high of $55.74. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company’s fifty day simple moving average is $48.21 and its two-hundred day simple moving average is $35.90.

Analyst Ratings Changes

RUSHA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. Stephens increased their price objective on shares of Rush Enterprises from $40.00 to $42.22 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Zacks Research lowered shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Finally, UBS Group restated a “neutral” rating and issued a $56.67 target price (up from $52.00) on shares of Rush Enterprises in a research report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rush Enterprises has a consensus rating of “Hold” and a consensus target price of $46.00.

Insiders Place Their Bets

In related news, CFO Steven L. Keller sold 46,525 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $35.88, for a total value of $1,669,317.00. Following the sale, the chief financial officer directly owned 189,841 shares of the company’s stock, valued at $6,811,495.08. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael L. Goldstone sold 4,725 shares of Rush Enterprises stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $36.13, for a total value of $170,730.00. Following the completion of the transaction, the senior vice president owned 28,327 shares in the company, valued at approximately $1,023,548.93. This represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 252,561 shares of company stock valued at $9,092,298 in the last quarter. Corporate insiders own 12.68% of the company’s stock.

Rush Enterprises Company Profile

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.