Rush Enterprises (NASDAQ:RUSHA) Announces Earnings Results, Beats Expectations By $0.09 EPS

Rush Enterprises (NASDAQ:RUSHA) released its quarterly earnings results on Tuesday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09, Zacks reports. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 15.01% and a net margin of 3.90%.

Rush Enterprises Stock Up 1.3 %

NASDAQ:RUSHA opened at $61.99 on Thursday. The stock’s fifty day moving average price is $58.30 and its two-hundred day moving average price is $55.96. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.43 and a beta of 1.02. Rush Enterprises has a 52-week low of $40.99 and a 52-week high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 19.30%.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “overweight” rating and issued a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday.

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.