Rush Enterprises (RUSHA) to Release Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Rush Enterprises to post earnings of $0.95 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. Rush Enterprises’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. On average, analysts expect Rush Enterprises to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $53.51 on Friday. The firm has a 50-day moving average price of $51.52 and a two-hundred day moving average price of $48.00. Rush Enterprises has a 12-month low of $34.73 and a 12-month high of $56.64. The company has a market capitalization of $4.21 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.97 and a beta of 1.01. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.24.

Rush Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, August 13th. Rush Enterprises’s dividend payout ratio is presently 19.15%.

Wall Street Analyst Weigh In

Separately, Stephens initiated coverage on Rush Enterprises in a research report on Monday, July 8th. They set an “overweight” rating for the company.

Insiders Place Their Bets

In other Rush Enterprises news, COO Michael Mcroberts sold 12,500 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.72, for a total value of $634,000.00. Following the transaction, the chief operating officer now owns 15,220 shares in the company, valued at approximately $771,958.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Michael Mcroberts sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.72, for a total value of $634,000.00. Following the transaction, the chief operating officer now owns 15,220 shares in the company, valued at $771,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Wilder sold 4,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the sale, the senior vice president now owns 534 shares of the company’s stock, valued at approximately $27,597.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,875 shares of company stock worth $3,422,554. 12.53% of the stock is owned by corporate insiders.

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.