Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans Quarterly Dividend of $0.14

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.14 per share on Thursday, December 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 11th.

Rush Enterprises has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 6 years. Rush Enterprises has a dividend payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 19.5%.

Rush Enterprises Trading Up 0.3%

Shares of RUSHA opened at $45.48 on Wednesday. The business’s fifty day simple moving average is $48.03 and its two-hundred day simple moving average is $36.00. Rush Enterprises has a 12 month low of $30.45 and a 12 month high of $55.74. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 20.55 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. As a group, research analysts forecast that Rush Enterprises will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RUSHA shares. Zacks Research lowered shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. UBS Group restated a “neutral” rating and issued a $56.67 price target (up from $52.00) on shares of Rush Enterprises in a research note on Tuesday, August 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rush Enterprises in a report on Wednesday, October 21st. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Finally, Stephens upped their price objective on Rush Enterprises from $40.00 to $42.22 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Three 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, Rush Enterprises has a consensus rating of “Hold” and an average 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.