Rush Enterprises (RUSHA) to Release Quarterly Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is set to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.88 billion. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. On average, analysts expect Rush Enterprises to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rush Enterprises Trading Up 1.6 %

RUSHA stock opened at $48.71 on Friday. The company has a market capitalization of $3.79 billion, a PE ratio of 11.76, a P/E/G ratio of 1.11 and a beta of 1.02. Rush Enterprises has a 12 month low of $33.37 and a 12 month high of $53.78. The firm’s 50-day moving average is $49.35 and its 200 day moving average is $44.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders 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 yield of 1.40%. The ex-dividend date was Monday, February 26th. Rush Enterprises’s dividend payout ratio (DPR) is 16.41%.

Analysts Set New Price Targets

A number of research analysts have commented on RUSHA shares. Stephens reissued an “overweight” rating and set a $58.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 14th. StockNews.com downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred 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 transaction, the senior vice president now owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RUSHA. Advisor Group Holdings Inc. grew its position in shares of Rush Enterprises by 55.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,207 shares of the company’s stock worth $164,000 after buying an additional 1,150 shares during the last quarter. Raymond James & Associates boosted its stake in Rush Enterprises by 10.0% in the 1st quarter. Raymond James & Associates now owns 45,868 shares of the company’s stock worth $2,335,000 after purchasing an additional 4,172 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Rush Enterprises by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 446,215 shares of the company’s stock worth $22,717,000 after purchasing an additional 39,377 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Rush Enterprises by 59.6% in the 1st quarter. MetLife Investment Management LLC now owns 22,425 shares of the company’s stock worth $1,142,000 after purchasing an additional 8,378 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Rush Enterprises by 9.3% in the 1st quarter. BlackRock Inc. now owns 3,352,152 shares of the company’s stock worth $170,659,000 after purchasing an additional 283,822 shares in the last quarter. Hedge funds and other institutional investors own 84.43% 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.