Brokerages Expect Rush Enterprises, Inc. (RUSHA) to Announce $0.53 Earnings Per Share

Wall Street brokerages forecast that Rush Enterprises, Inc. (NASDAQ:RUSHA) will announce earnings per share (EPS) of $0.53 for the current quarter, Zacks reports. Two analysts have made estimates for Rush Enterprises’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.56. Rush Enterprises reported earnings of $0.31 per share during the same quarter last year, which would indicate a positive year over year growth rate of 71%. The firm is expected to announce its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Rush Enterprises will report full-year earnings of $2.08 per share for the current year, with EPS estimates ranging from $1.90 to $2.17. For the next fiscal year, analysts anticipate that the company will post earnings of $2.32 per share, with EPS estimates ranging from $2.15 to $2.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Rush Enterprises.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion.

Several research analysts have recently issued reports on RUSHA shares. Stifel Nicolaus restated a “hold” rating and issued a $38.00 price objective on shares of Rush Enterprises in a research note on Friday, July 28th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Saturday, July 29th. BMO Capital Markets raised their price objective on Rush Enterprises from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $46.00.

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Shares of Rush Enterprises (RUSHA) traded up $0.40 during midday trading on Monday, hitting $48.75. The company had a trading volume of 398,261 shares, compared to its average volume of 219,614. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1,925.97, a PE ratio of 25.05, a P/E/G ratio of 1.55 and a beta of 1.20. Rush Enterprises has a 1 year low of $27.68 and a 1 year high of $54.11.

In other news, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total value of $558,823.44. Following the completion of the sale, the chief executive officer now directly owns 96,155 shares of the company’s stock, valued at approximately $4,926,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the sale, the executive vice president now directly owns 14,733 shares of the company’s stock, valued at $768,031.29. The disclosure for this sale can be found here. Insiders own 11.19% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of RUSHA. California Public Employees Retirement System raised its stake in shares of Rush Enterprises by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 39,285 shares of the company’s stock worth $1,819,000 after buying an additional 1,885 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Rush Enterprises during the 3rd quarter worth approximately $236,000. Granahan Investment Management Inc. MA raised its stake in shares of Rush Enterprises by 1.8% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 206,724 shares of the company’s stock worth $9,569,000 after buying an additional 3,748 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Rush Enterprises during the 3rd quarter worth approximately $1,430,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Rush Enterprises by 340.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 33,426 shares of the company’s stock worth $1,547,000 after buying an additional 25,831 shares in the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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Earnings History and Estimates for Rush Enterprises (NASDAQ:RUSHA)

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