Rush Enterprises (NASDAQ:RUSHA) Posts 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, topping analysts’ consensus estimates of $0.80 by $0.08, Zacks reports. The business had revenue of $1.87 billion during the quarter. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. During the same quarter last year, the business earned $1.07 EPS.

Rush Enterprises Stock Down 4.6 %

Shares of Rush Enterprises stock traded down $2.28 on Wednesday, hitting $46.95. The company had a trading volume of 69,309 shares, compared to its average volume of 372,264. The firm has a market capitalization of $3.66 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.12 and a beta of 1.02. Rush Enterprises has a twelve month low of $33.37 and a twelve month high of $53.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. The stock has a 50-day moving average of $49.42 and a 200-day moving average of $44.81.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s dividend payout ratio (DPR) is presently 16.41%.

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the sale, the senior vice president now owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Stephens restated an “overweight” rating and issued a $58.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 14th.

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.