Rush Enterprises (RUSHA) to Release Quarterly Earnings on Tuesday

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

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.77 by $0.20. The business had revenue of $2.03 billion during 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%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. 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 Price Performance

RUSHA opened at $51.59 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $51.40 and its 200 day moving average price is $47.96. Rush Enterprises has a fifty-two week low of $34.68 and a fifty-two week high of $56.64. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01.

Rush Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were paid a dividend of $0.18 per share. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 13th. Rush Enterprises’s dividend payout ratio is presently 19.15%.

Insider Activity

In other news, SVP Jason Wilder sold 4,500 shares of the firm’s 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 transaction, the senior vice president now owns 534 shares in the company, valued at approximately $27,597.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Jason Wilder sold 4,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was 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 in the company, valued at approximately $27,597.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael L. Goldstone sold 7,875 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $51.25, for a total value of $403,593.75. Following the sale, the senior vice president now directly owns 12,238 shares of the company’s stock, valued at approximately $627,197.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,875 shares of company stock worth $3,422,554 over the last 90 days. 12.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.