Rush Enterprises, Inc. (RUSHA) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS
Rush Enterprises, Inc. (NASDAQ:RUSHA) released its earnings results on Wednesday. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.15, Bloomberg Earnings reports. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.07 billion. Rush Enterprises had a return on equity of 6.17% and a net margin of 1.26%.
Rush Enterprises (RUSHA) traded up 5.59% during trading on Thursday, reaching $40.77. The company had a trading volume of 312,494 shares. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 31.29 and a beta of 1.16. The company’s 50-day moving average is $36.97 and its 200 day moving average is $35.11. Rush Enterprises has a 52 week low of $21.99 and a 52 week high of $42.11.
Several large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its position in Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock worth $125,000 after buying an additional 2,296 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock worth $177,000 after buying an additional 115 shares in the last quarter. Aperio Group LLC acquired a new position in Rush Enterprises during the second quarter worth approximately $243,000. Nine Chapters Capital Management LLC acquired a new position in Rush Enterprises during the first quarter worth approximately $281,000. Finally, Koch Industries Inc. acquired a new position in Rush Enterprises during the first quarter worth approximately $294,000. 76.37% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on RUSHA shares. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, June 27th. TheStreet raised Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Seaport Global Securities started coverage on Rush Enterprises in a research report on Thursday, April 6th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Rush Enterprises presently has an average rating of “Hold” and an average price target of $37.00.
Rush Enterprises Company Profile
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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