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

Rush Enterprises (NASDAQ:RUSHA) released its quarterly earnings results on Tuesday. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.87 billion during the quarter. During the same period in the prior year, the firm posted $1.07 earnings per share.

Rush Enterprises Trading Up 1.2 %

Shares of RUSHA traded up $0.55 during trading on Friday, reaching $45.96. 13,083 shares of the company traded hands, compared to its average volume of 373,818. Rush Enterprises has a twelve month low of $33.37 and a twelve month high of $53.78. The stock has a market cap 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. The stock has a 50-day simple moving average of $49.35 and a 200-day simple moving average of $44.83. The company has a quick ratio of 0.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.32.

Rush Enterprises Dividend Announcement

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

Analyst Ratings Changes

RUSHA has been the subject of several recent research reports. StockNews.com lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a report on Wednesday.

Insider Activity at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business’s 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 completion of the sale, the senior vice president now owns 2,777 shares in the company, valued at approximately $134,073.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 17.10% of the company’s stock.

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.