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

Rush Enterprises (NASDAQ:RUSHA) is expected to be announcing its results after the market closes on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $1.7547 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Thursday, May 20th. The company reported $0.79 EPS for the quarter. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The company had revenue of $1.23 billion during the quarter. 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 Price Performance

Shares of RUSHA opened at $50.56 on Tuesday. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.45 and a beta of 0.89. The firm’s fifty day simple moving average is $54.81 and its 200-day simple moving average is $52.99. Rush Enterprises has a twelve month low of $47.06 and a twelve month high of $65.43. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23.

Rush Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th were paid a $0.19 dividend. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Rush Enterprises’s payout ratio is 21.65%.

Insider Buying and Selling

In other Rush Enterprises news, Director Michael Mcroberts sold 6,000 shares of Rush Enterprises stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $54.64, for a total value of $327,840.00. Following the transaction, the director directly owned 15,771 shares in the company, valued at approximately $861,727.44. This trade represents a 27.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jason Wilder sold 4,980 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total value of $276,639.00. Following the completion of the transaction, the chief operating officer directly owned 79,692 shares in the company, valued at approximately $4,426,890.60. The trade was a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,480 shares of company stock valued at $862,104 over the last quarter. 12.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rush Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board raised its position in Rush Enterprises by 5.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 208,647 shares of the company’s stock worth $10,747,000 after buying an additional 10,990 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Rush Enterprises by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 87,139 shares of the company’s stock worth $4,489,000 after acquiring an additional 269 shares during the period. Tower Research Capital LLC TRC lifted its position in Rush Enterprises by 508.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,725 shares of the company’s stock valued at $552,000 after purchasing an additional 8,963 shares during the period. Tidal Investments LLC boosted its holdings in Rush Enterprises by 57.2% in the 2nd quarter. Tidal Investments LLC now owns 16,902 shares of the company’s stock valued at $871,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Oxford Asset Management LLP boosted its holdings in Rush Enterprises by 43.7% in the 2nd quarter. Oxford Asset Management LLP now owns 13,632 shares of the company’s stock valued at $702,000 after purchasing an additional 4,144 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RUSHA shares. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 8th. Finally, Stephens reiterated an “overweight” rating on shares of Rush Enterprises in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $61.00.

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.