Rush Enterprises (RUSHA) Projected to Post Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) will likely be releasing its results after the market closes on Tuesday, April 28th. Analysts expect Rush Enterprises to post earnings of $0.7760 per share and revenue of $1.6944 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. 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 0.4%

Shares of NASDAQ:RUSHA opened at $74.92 on Friday. The company has a market cap of $5.76 billion, a PE ratio of 22.91, a P/E/G ratio of 1.48 and a beta of 0.89. The company’s 50-day moving average price is $68.80 and its 200 day moving average price is $60.50. Rush Enterprises has a fifty-two week low of $45.67 and a fifty-two week high of $76.45. The company has a quick ratio of 0.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.16.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Tuesday, March 3rd were given a $0.19 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $0.76 annualized dividend and a yield of 1.0%. Rush Enterprises’s dividend payout ratio (DPR) is currently 23.24%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RUSHA. UBS Group reiterated a “neutral” rating and issued a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a research report on Wednesday, February 18th. Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Stephens reissued an “overweight” rating and set a $80.00 target price (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Finally, Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rush Enterprises presently has a consensus rating of “Hold” and an average price target of $76.50.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Michael L. Goldstone sold 4,500 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $71.86, for a total transaction of $323,370.00. Following the transaction, the senior vice president owned 12,590 shares of the company’s stock, valued at approximately $904,717.40. This trade represents a 26.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond Joseph Chess sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the transaction, the director directly owned 41,170 shares in the company, valued at approximately $2,678,108.50. The trade was a 19.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,750 shares of company stock worth $2,349,450 in the last 90 days. Corporate insiders own 12.68% of the company’s stock.

Hedge Funds Weigh In On Rush Enterprises

Hedge funds have recently made changes to their positions in the business. Caxton Associates LLP acquired a new position in shares of Rush Enterprises in the 1st quarter worth approximately $221,000. Cibc World Markets Corp acquired a new position in shares of Rush Enterprises in the 4th quarter worth approximately $218,000. United Services Automobile Association acquired a new position in shares of Rush Enterprises in the 1st quarter worth approximately $217,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Rush Enterprises in the 4th quarter worth approximately $204,000. Finally, Empowered Funds LLC acquired a new position in shares of Rush Enterprises in the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.