Rush Enterprises (RUSHA) to Release Quarterly Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect Rush Enterprises to post earnings of $0.95 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.20. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. 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 Stock Up 0.8 %

RUSHA opened at $53.51 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. Rush Enterprises has a 1-year low of $34.73 and a 1-year high of $56.64. The company has a market capitalization of $4.21 billion, a PE ratio of 13.51, a PEG ratio of 1.97 and a beta of 1.01. The firm’s 50 day simple moving average is $51.52 and its two-hundred day simple moving average is $47.98.

Rush Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.35%. Rush Enterprises’s dividend payout ratio (DPR) is presently 18.18%.

Insider Activity

In other news, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the sale, the senior vice president now directly owns 534 shares in the company, valued at $27,597.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Michael Mcroberts sold 12,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.72, for a total transaction of $634,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,220 shares of the company’s stock, valued at approximately $771,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at $27,597.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,875 shares of company stock worth $3,422,554 in the last three months. Company insiders own 12.53% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens initiated coverage on shares of Rush Enterprises in a research report on Monday, July 8th. They issued an “overweight” rating on the stock.

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.