Rush Enterprises (RUSHA) to Release Earnings on Wednesday

Rush Enterprises (NASDAQ:RUSHA) is expected to announce its earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $1.86 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, analysts expect Rush Enterprises to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Rush Enterprises Trading Up 3.3 %

RUSHA opened at $51.42 on Wednesday. The stock has a 50-day moving average of $54.50 and a 200 day moving average of $56.77. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Rush Enterprises has a 12 month low of $40.99 and a 12 month high of $65.43. The firm has a market cap of $4.07 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.04 and a beta of 0.96.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Insider Buying and Selling at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now owns 15,771 shares of the company’s stock, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and set a $69.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 19th.

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.