Brokerages expect Rush Enterprises, Inc. (NASDAQ:RUSHA) to report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Rush Enterprises’ earnings, with estimates ranging from $0.37 to $0.43. Rush Enterprises reported earnings per share of $0.28 during the same quarter last year, which would suggest a positive year over year growth rate of 39.3%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that Rush Enterprises will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.47 to $1.70. For the next year, analysts expect that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $1.90 to $2.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Rush Enterprises.

Several equities research analysts recently commented on RUSHA shares. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a research note on Thursday, April 20th. Seaport Global Securities started coverage on Rush Enterprises in a report on Thursday, April 6th. They issued a “buy” rating and a $42.00 target price for the company. Stifel Nicolaus boosted their target price on Rush Enterprises from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, April 26th. TheStreet upgraded Rush Enterprises from a “c+” rating to a “b-” rating in a report on Tuesday, April 25th. Finally, Zacks Investment Research lowered Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.00.

Rush Enterprises (NASDAQ RUSHA) traded up 0.95% on Friday, reaching $37.18. 117,362 shares of the company traded hands. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 28.53 and a beta of 1.12. Rush Enterprises has a 52-week low of $20.58 and a 52-week high of $39.21. The firm has a 50 day moving average price of $36.40 and a 200 day moving average price of $34.41.

A number of large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock valued at $125,000 after buying an additional 2,296 shares during the period. Envestnet Asset Management Inc. raised its stake in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock valued at $177,000 after buying an additional 115 shares during the period. Tudor Investment Corp Et Al bought a new stake in Rush Enterprises during the fourth quarter valued at $265,000. Nine Chapters Capital Management LLC bought a new stake in Rush Enterprises during the first quarter valued at $281,000. Finally, Koch Industries Inc. bought a new stake in Rush Enterprises during the first quarter valued at $294,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

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About Rush Enterprises

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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Earnings History and Estimates for Rush Enterprises (NASDAQ:RUSHA)

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