Rush Enterprises (RUSHA) to Release Earnings on Wednesday

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) is expected to announce its earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $1.86 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, analysts expect Rush Enterprises to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Rush Enterprises Trading Down 1.7 %

Shares of RUSHA stock traded down $0.88 during mid-day trading on Monday, reaching $50.60. 716,326 shares of the stock traded hands, compared to its average volume of 367,102. The stock's fifty day simple moving average is $53.73 and its two-hundred day simple moving average is $56.83. Rush Enterprises has a 1-year low of $40.99 and a 1-year high of $65.43. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's payout ratio is 19.30%.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Mcroberts sold 4,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares of the company's stock, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

Analyst Ratings Changes

Separately, Stephens reaffirmed an "overweight" rating and issued a $69.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 19th.

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.