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

Rush Enterprises (NASDAQ:RUSHA) announced its earnings results on Tuesday. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08, Zacks reports. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The business had revenue of $1.87 billion for the quarter. During the same quarter last year, the business earned $1.07 EPS.

Rush Enterprises Trading Up 1.2 %

Shares of RUSHA stock traded up $0.55 during trading hours on Friday, hitting $45.96. The company had a trading volume of 13,083 shares, compared to its average volume of 373,818. The stock has a market capitalization of $3.58 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. Rush Enterprises has a fifty-two week low of $33.37 and a fifty-two week high of $53.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.27. The company’s fifty day moving average is $49.35 and its 200 day moving average is $44.83.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. Rush Enterprises’s dividend payout ratio is currently 17.19%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RUSHA shares. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a research note on Wednesday. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were 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 in the company, valued at approximately $134,073.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. 17.10% of the stock is owned by company insiders.

About Rush Enterprises

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.