Rush Enterprises (RUSHA) Projected to Post Quarterly Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is anticipated to announce its results after the market closes on Tuesday, February 17th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $1.7174 billion for the quarter.

Rush Enterprises Stock Down 0.6%

Shares of RUSHA stock opened at $71.54 on Friday. The stock’s 50 day simple moving average is $60.93 and its 200 day simple moving average is $56.07. Rush Enterprises has a twelve month low of $45.67 and a twelve month high of $74.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.88 and a beta of 0.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RUSHA. Kestra Advisory Services LLC increased its stake in Rush Enterprises by 1.1% in the 4th quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company’s stock valued at $966,000 after buying an additional 200 shares during the last quarter. Bridgewater Associates LP raised its holdings in Rush Enterprises by 435.4% during the fourth quarter. Bridgewater Associates LP now owns 21,107 shares of the company’s stock worth $1,139,000 after acquiring an additional 17,165 shares in the last quarter. Stifel Financial Corp boosted its position in Rush Enterprises by 9.2% during the fourth quarter. Stifel Financial Corp now owns 6,654 shares of the company’s stock valued at $359,000 after purchasing an additional 558 shares during the last quarter. First Trust Advisors LP grew its stake in Rush Enterprises by 1.7% in the fourth quarter. First Trust Advisors LP now owns 136,762 shares of the company’s stock valued at $7,377,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Rush Enterprises by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,816 shares of the company’s stock worth $41,362,000 after purchasing an additional 17,340 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RUSHA. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group began coverage on Rush Enterprises in a research note on Wednesday, January 28th. They issued a “neutral” rating and a $70.00 price target on the stock. Stephens decreased their price objective on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings lowered Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Rush Enterprises presently has an average rating of “Hold” and a consensus price target of $62.50.

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.