Rush Enterprises (RUSHA) Expected to Announce Quarterly Earnings on Wednesday

Rush Enterprises (NASDAQ:RUSHA) is expected to announce its results after the market closes on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $1.7547 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Thursday, May 20th. The company reported $0.79 earnings per share (EPS) for the quarter. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The business had revenue of $1.23 billion during the quarter. On average, analysts expect Rush Enterprises to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Rush Enterprises Trading Up 0.8%

Shares of NASDAQ:RUSHA opened at $51.47 on Wednesday. Rush Enterprises has a 52-week low of $47.06 and a 52-week high of $65.43. The company has a market capitalization of $4.01 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The company has a 50-day simple moving average of $55.33 and a 200 day simple moving average of $52.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39.

Rush Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 12th were paid a $0.19 dividend. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, August 12th. This represents a $0.76 annualized dividend and a yield of 1.5%. Rush Enterprises’s dividend payout ratio (DPR) is 21.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RUSHA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 8th. Stephens reissued an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. Finally, Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Rush Enterprises currently has an average rating of “Buy” and an average price target of $61.00.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, COO Jason Wilder sold 4,980 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total value of $276,639.00. Following the transaction, the chief operating officer directly owned 79,692 shares of the company’s stock, valued at $4,426,890.60. This represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Mcroberts sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $54.64, for a total transaction of $327,840.00. Following the transaction, the director directly owned 15,771 shares in the company, valued at $861,727.44. This represents a 27.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,480 shares of company stock valued at $862,104 in the last three months. 12.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RUSHA. Royal Bank of Canada increased its holdings in shares of Rush Enterprises by 33.6% during the first quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock worth $575,000 after purchasing an additional 2,715 shares during the period. AQR Capital Management LLC increased its stake in Rush Enterprises by 8.0% in the first quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock valued at $1,309,000 after acquiring an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rush Enterprises by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock valued at $1,935,000 after acquiring an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Rush Enterprises by 18.4% in the first quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock valued at $20,851,000 after acquiring an additional 60,615 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in Rush Enterprises in the first quarter valued at approximately $221,000. 84.43% of the stock is owned by institutional investors.

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.