Rush Enterprises (NASDAQ:RUSHA) Announces Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Rush Enterprises reported quarterly EPS of $0.65, exceeding analysts’ consensus estimate of $0.64. The company posted an 11.65% return on equity and a 3.67% net margin.
• Shares rose to $45.48, while analysts’ ratings remained mixed; the stock carries an overall “Hold” consensus and an average price target of $46.00.
• Insiders sold 252,561 shares worth approximately $9.1 million over the past 90 days, including significant sales by the CFO and a senior vice president.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01, Zacks reports. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock traded up $0.12 during trading on Tuesday, reaching $45.48. The company's stock had a trading volume of 841,440 shares, compared to its average volume of 706,515. The business's 50-day moving average price is $48.21 and its 200-day moving average price is $35.90. The firm has a market cap of $5.31 billion, a PE ratio of 20.55, a P/E/G ratio of 1.61 and a beta of 0.92. Rush Enterprises has a 52 week low of $30.45 and a 52 week high of $55.74. The company has a quick ratio of 0.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.16.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Michael L. Goldstone sold 5,400 shares of Rush Enterprises stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $36.02, for a total value of $194,520.00. Following the completion of the sale, the senior vice president owned 28,327 shares in the company, valued at $1,020,401.49. The trade was a 16.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven L. Keller sold 46,525 shares of the business's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $35.88, for a total transaction of $1,669,317.00. Following the completion of the sale, the chief financial officer directly owned 189,841 shares of the company's stock, valued at $6,811,495.08. This represents a 19.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 252,561 shares of company stock valued at $9,092,298. 12.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RUSHA shares. Zacks Research cut Rush Enterprises from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 2nd. Wall Street Zen lowered Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, October 11th. Stephens increased their price target on Rush Enterprises from $40.00 to $42.22 and gave the company an "overweight" rating in a research note on Thursday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $56.67 price target (up from $52.00) on shares of Rush Enterprises in a report on Tuesday, August 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rush Enterprises in a research report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $46.00.

About Rush Enterprises

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.

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