Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans Quarterly Dividend of $0.17

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 8th.

Rush Enterprises has increased its dividend payment by an average of 31.8% annually over the last three years and has raised its dividend every year for the last 5 years.

Rush Enterprises Price Performance

Shares of RUSHA opened at $46.44 on Thursday. The firm has a market cap of $3.62 billion, a PE ratio of 11.74, a PEG ratio of 1.14 and a beta of 1.02. The firm’s 50 day moving average price is $49.41 and its 200 day moving average price is $44.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35. Rush Enterprises has a twelve month low of $33.37 and a twelve month high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.28%. The company had revenue of $1.87 billion for the quarter. During the same period in the prior year, the business earned $1.07 EPS. As a group, research analysts expect that Rush Enterprises will post 2.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on RUSHA shares. StockNews.com lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research report on Wednesday.

Insider Buying and Selling

In related news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 2,777 shares of the company’s stock, valued at $134,073.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is currently owned by insiders.

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.