Rush Enterprises (RUSHA) to Post Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is projected to issue its results after the market closes on Tuesday, July 28th. Analysts expect Rush Enterprises to announce earnings of $0.8750 per share and revenue of $1.8914 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. On average, analysts expect Rush Enterprises to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $76.57 on Monday. The business’s 50 day simple moving average is $71.54 and its 200 day simple moving average is $69.20. Rush Enterprises has a 12 month low of $45.67 and a 12 month high of $80.17. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.69 and a beta of 0.89. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 12th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. Rush Enterprises’s payout ratio is 22.96%.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, the director directly owned 16,229 shares in the company, valued at approximately $1,172,220.67. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.68% of the company’s stock.

Institutional Investors Weigh In On Rush Enterprises

A number of hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its position 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 purchasing an additional 431 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Rush Enterprises during the 3rd quarter valued at $34,000. Allworth Financial LP raised its holdings in Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after buying an additional 637 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Rush Enterprises by 427.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock valued at $40,000 after buying an additional 633 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Rush Enterprises by 70.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 950 shares of the company’s stock valued at $51,000 after buying an additional 392 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RUSHA has been the subject of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Rush Enterprises in a report on Tuesday, May 19th. UBS Group boosted their target price on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Wolfe Research assumed coverage on Rush Enterprises in a research report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.67.

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.