Rush Enterprises (NASDAQ:RUSHA – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, April 26th. Individual interested in listening to the company’s earnings conference call can do so using this link.
Rush Enterprises (NASDAQ:RUSHA – Get Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.20. The business had revenue of $1.31 billion for the quarter. Rush Enterprises had a return on equity of 17.40% and a net margin of 4.71%. During the same period in the prior year, the firm earned $0.72 EPS. On average, analysts expect Rush Enterprises to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of RUSHA stock opened at $47.99 on Tuesday. The stock’s fifty day simple moving average is $50.65 and its 200 day simple moving average is $52.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 0.30. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.71 and a beta of 1.25. Rush Enterprises has a one year low of $40.95 and a one year high of $60.88.
In other news, COO Michael Mcroberts sold 8,807 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $49.46, for a total transaction of $435,594.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.39% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RUSHA. Morgan Stanley boosted its position in Rush Enterprises by 882.6% during the second quarter. Morgan Stanley now owns 104,843 shares of the company’s stock valued at $4,534,000 after purchasing an additional 94,173 shares during the last quarter. Royal Bank of Canada boosted its position in Rush Enterprises by 12.1% during the third quarter. Royal Bank of Canada now owns 20,513 shares of the company’s stock valued at $926,000 after purchasing an additional 2,209 shares during the last quarter. LPL Financial LLC boosted its position in Rush Enterprises by 5.9% during the third quarter. LPL Financial LLC now owns 12,142 shares of the company’s stock valued at $548,000 after purchasing an additional 680 shares during the last quarter. UBS Group AG boosted its position in Rush Enterprises by 52.6% during the third quarter. UBS Group AG now owns 12,195 shares of the company’s stock valued at $550,000 after purchasing an additional 4,202 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Rush Enterprises by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 386,472 shares of the company’s stock valued at $17,453,000 after purchasing an additional 5,081 shares during the last quarter. 74.55% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on RUSHA. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Thursday, February 3rd. StockNews.com began coverage on Rush Enterprises in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.
Rush Enterprises Company Profile (Get Rating)
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, or Blue Bird.
- Get a free copy of the StockNews.com research report on Rush Enterprises (RUSHA)
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