Rush Enterprises (RUSHA) to Release Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is anticipated to issue its results after the market closes on Tuesday, February 17th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $1.7174 billion for the quarter.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $71.54 on Monday. Rush Enterprises has a 12 month low of $45.67 and a 12 month high of $74.19. The stock has a 50 day moving average of $60.93 and a 200-day moving average of $56.09. The company has a current ratio of 1.37, a quick ratio of 0.34 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5.51 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.88 and a beta of 0.92.

Institutional Trading of Rush Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its stake in Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after acquiring an additional 431 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Rush Enterprises in the 3rd quarter valued at $34,000. Allworth Financial LP increased its stake in shares of Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after purchasing an additional 637 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Rush Enterprises by 427.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock worth $40,000 after buying an additional 633 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Rush Enterprises by 70.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 950 shares of the company’s stock worth $51,000 after buying an additional 392 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens cut their target price on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group initiated coverage on Rush Enterprises in a research report on Wednesday, January 28th. They issued a “neutral” rating and a $70.00 target price on the stock. Weiss Ratings cut Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. Finally, Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.50.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.