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

Rush Enterprises (NASDAQ:RUSHA) issued its quarterly earnings data on Tuesday. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08, Zacks reports. The business had revenue of $1.87 billion for the quarter. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. During the same period in the previous year, the business posted $1.07 earnings per share.

Rush Enterprises Stock Down 4.3 %

Shares of NASDAQ RUSHA traded down $2.11 during mid-day trading on Wednesday, reaching $47.12. 44,155 shares of the company’s stock were exchanged, compared to its average volume of 372,093. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.12 and a beta of 1.02. The company has a current ratio of 1.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $49.42 and a 200 day simple moving average of $44.81. Rush Enterprises has a twelve month low of $33.37 and a twelve month high of $53.78.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, February 26th. Rush Enterprises’s dividend payout ratio is currently 16.41%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Stephens reaffirmed an “overweight” rating and set a $58.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 14th.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.10% of the stock is owned by 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.