Zacks: Brokerages Expect Rush Enterprises, Inc. (RUSHA) Will Announce Earnings of $0.47 Per Share
Equities analysts forecast that Rush Enterprises, Inc. (NASDAQ:RUSHA) will announce $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Rush Enterprises’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.50. Rush Enterprises posted earnings per share of $0.37 in the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The company is expected to announce its next earnings report after the market closes on Wednesday, October 25th.
On average, analysts expect that Rush Enterprises will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.75 to $1.90. For the next fiscal year, analysts expect that the firm will report earnings of $2.25 per share, with EPS estimates ranging from $2.10 to $2.49. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Rush Enterprises.
Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion.
RUSHA has been the subject of a number of research reports. Zacks Investment Research lowered Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and set a $38.00 target price on shares of Rush Enterprises in a report on Friday, July 28th. BMO Capital Markets raised their target price on Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Rush Enterprises presently has an average rating of “Hold” and an average target price of $41.80.
A number of hedge funds have recently added to or reduced their stakes in RUSHA. State Board of Administration of Florida Retirement System boosted its holdings in Rush Enterprises by 4.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 38,018 shares of the company’s stock valued at $1,258,000 after purchasing an additional 1,697 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Rush Enterprises by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 186,367 shares of the company’s stock valued at $6,163,000 after purchasing an additional 5,072 shares in the last quarter. Swiss National Bank boosted its holdings in Rush Enterprises by 3.6% during the first quarter. Swiss National Bank now owns 49,200 shares of the company’s stock valued at $1,628,000 after purchasing an additional 1,700 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Rush Enterprises by 110.3% during the first quarter. UBS Asset Management Americas Inc. now owns 15,325 shares of the company’s stock valued at $507,000 after purchasing an additional 8,037 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Rush Enterprises by 3.6% during the first quarter. Ameriprise Financial Inc. now owns 51,292 shares of the company’s stock valued at $1,697,000 after purchasing an additional 1,798 shares in the last quarter. 75.44% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Rush Enterprises (NASDAQ:RUSHA) traded down 1.01% during mid-day trading on Friday, hitting $46.19. The company’s stock had a trading volume of 125,683 shares. Rush Enterprises has a 12-month low of $21.99 and a 12-month high of $47.32. The stock has a 50-day moving average of $42.36 and a 200-day moving average of $38.13. The company has a market cap of $1.84 billion, a PE ratio of 29.16 and a beta of 1.18.
Rush Enterprises Company Profile
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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