Rush Enterprises (RUSHA) Set to Announce Quarterly Earnings on Tuesday

Key Points

• Rush Enterprises is expected to report quarterly results after Tuesday’s market close, with analysts forecasting earnings of $0.652 per share on $2.05 billion in revenue. In the prior quarter, the company exceeded consensus earnings and revenue estimates.
• The stock opened at $45.06, with a $5.26 billion market capitalization and a 52-week range of $30.45 to $55.74. Analysts maintain a consensus “Hold” rating and an average price target of $46.00.
• The company reduced its quarterly dividend to $0.14 from $0.19, resulting in a 1.2% yield, while insiders have sold approximately $9.1 million of stock over the past 90 days.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) will likely be releasing its results after the market closes on Tuesday, October 27th. Analysts expect Rush Enterprises to announce earnings of $0.6520 per share and revenue of $2.05 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. On average, analysts expect Rush Enterprises to post $2.43 EPS for the current fiscal year and $2.87 EPS for the next fiscal year.

Rush Enterprises Price Performance

RUSHA opened at $45.06 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.63 and a beta of 0.92. The firm's fifty day moving average price is $49.03 and its two-hundred day moving average price is $38.14. Rush Enterprises has a 1 year low of $30.45 and a 1 year high of $55.74.

Rush Enterprises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th were issued a $0.14 dividend. This is a decrease from Rush Enterprises's previous quarterly dividend of $0.19. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, September 9th. Rush Enterprises's dividend payout ratio is currently 25.34%.

Analysts Set New Price Targets

RUSHA has been the topic of a number of recent analyst reports. Stephens raised their price target on shares of Rush Enterprises from $40.00 to $42.22 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, October 11th. Weiss Ratings raised shares of Rush Enterprises from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. UBS Group reaffirmed a "neutral" rating and issued a $56.67 price objective (up from $52.00) on shares of Rush Enterprises in a research report on Tuesday, August 25th. Finally, Zacks Research lowered shares of Rush Enterprises from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rush Enterprises currently has a consensus rating of "Hold" and an average price target of $46.00.

Insiders Place Their Bets

In other news, Director Michael McRoberts sold 14,625 shares of Rush Enterprises stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $36.20, for a total transaction of $529,360.00. Following the sale, the director directly owned 36,514 shares in the company, valued at $1,321,644.52. The trade was a 28.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven L. Keller sold 46,525 shares of Rush Enterprises stock in a transaction on Friday, July 31st. The stock was sold at an average price of $35.88, for a total value of $1,669,317.00. Following the sale, the chief financial officer owned 189,841 shares in the company, valued at $6,811,495.08. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 252,561 shares of company stock worth $9,092,298 over the last 90 days. Company insiders own 12.68% of the company's stock.

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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