Rush Enterprises, Inc. (RUSHA) To Go Ex-Dividend on May 8th

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 8th.

Rush Enterprises has raised its dividend payment by an average of 31.8% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Rush Enterprises has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Rush Enterprises to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 17.2%.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $43.70 on Monday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.00 and a beta of 1.07. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Rush Enterprises has a 1-year low of $33.37 and a 1-year high of $53.78. The company has a 50 day moving average of $49.17 and a 200-day moving average of $45.02.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The company had revenue of $1.87 billion for the quarter. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities analysts forecast that Rush Enterprises will post 2.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a report on Wednesday, April 24th.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of Rush Enterprises stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $46.23, for a total value of $520,087.50. Following the sale, the senior vice president now owns 534 shares of the company’s stock, valued at approximately $24,686.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.53% of the stock is owned by insiders.

Rush Enterprises Company Profile

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.