Rush Enterprises (RUSHA) Set to Announce Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is set to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.80 per share for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 13th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.84 by $0.11. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $1.16 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts expect Rush Enterprises to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock traded down $1.20 during trading on Wednesday, reaching $47.91. The company’s stock had a trading volume of 282,896 shares, compared to its average volume of 381,081. The stock has a market capitalization of $3.73 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02. Rush Enterprises has a one year low of $33.37 and a one year high of $53.78. The company has a current ratio of 1.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $49.27 and a two-hundred day moving average price of $44.52.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. Rush Enterprises’s payout ratio is 16.41%.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Rush Enterprises by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after buying an additional 420,978 shares during the period. BlackRock Inc. increased its stake in shares of Rush Enterprises by 25.0% during the third quarter. BlackRock Inc. now owns 5,016,778 shares of the company’s stock valued at $220,037,000 after purchasing an additional 1,002,869 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Rush Enterprises by 13.2% during the first quarter. Wellington Management Group LLP now owns 3,091,367 shares of the company’s stock valued at $157,381,000 after purchasing an additional 360,550 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Rush Enterprises by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,612,501 shares of the company’s stock worth $88,042,000 after purchasing an additional 52,339 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Rush Enterprises by 27.2% in the 4th quarter. Millennium Management LLC now owns 1,216,531 shares of the company’s stock worth $63,600,000 after buying an additional 259,867 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

RUSHA has been the subject of several analyst reports. StockNews.com downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Stephens reaffirmed an “overweight” rating and issued a $58.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 14th.

About Rush Enterprises

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.