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

Rush Enterprises (NASDAQ:RUSHA) will likely be announcing 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 posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. 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 Stock Down 1.7 %

NASDAQ:RUSHA opened at $50.60 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The company has a market cap of $4.01 billion, a PE ratio of 13.57, a PEG ratio of 1.04 and a beta of 0.96. Rush Enterprises has a 52-week low of $40.99 and a 52-week high of $65.43. The stock has a 50-day simple moving average of $53.73 and a 200 day simple moving average of $56.83.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a dividend of $0.18 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. Rush Enterprises’s payout ratio is presently 19.30%.

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises 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 completion of the transaction, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31. The trade was a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Rush Enterprises Company Profile

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.