Rush Enterprises, Inc. (RUSHA) Set to Announce Earnings on Tuesday
Rush Enterprises, Inc. (NASDAQ:RUSHA) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 24th. Analysts expect Rush Enterprises to post earnings of $0.41 per share for the quarter.
Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. On average, analysts expect Rush Enterprises to post $1.79 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.
Rush Enterprises, Inc. (NASDAQ:RUSHA) opened at 46.00 on Tuesday. The company has a 50-day moving average of $43.38 and a 200 day moving average of $38.72. Rush Enterprises, Inc. has a one year low of $21.99 and a one year high of $47.32. The company has a market cap of $1.83 billion, a P/E ratio of 29.04 and a beta of 1.18.
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RUSHA has been the subject of a number of recent analyst reports. BidaskClub raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Rush Enterprises in a report on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Rush Enterprises in a report on Friday, July 7th. Finally, Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.80.
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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