Brokerages expect Rush Enterprises, Inc. (NASDAQ:RUSHA) to announce earnings per share (EPS) of $0.97 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Rush Enterprises’ earnings. Rush Enterprises posted earnings of $1.20 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 19.2%. The firm is expected to report its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that Rush Enterprises will report full year earnings of $4.08 per share for the current financial year, with EPS estimates ranging from $4.05 to $4.10. For the next fiscal year, analysts anticipate that the company will report earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.75. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Rush Enterprises.
Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $1.60 billion during the quarter. Rush Enterprises had a return on equity of 14.98% and a net margin of 2.73%.
In related news, CFO Steven L. Keller sold 18,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $43.98, for a total value of $791,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William M. Rusty Rush sold 23,657 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $44.81, for a total value of $1,060,070.17. Following the completion of the transaction, the chief executive officer now directly owns 105,718 shares in the company, valued at $4,737,223.58. The disclosure for this sale can be found here. Corporate insiders own 12.43% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in RUSHA. FNY Investment Advisers LLC grew its position in Rush Enterprises by 61.5% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,050 shares of the company’s stock worth $38,000 after purchasing an additional 400 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Rush Enterprises by 1,798.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,025 shares of the company’s stock valued at $39,000 after acquiring an additional 971 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Rush Enterprises during the 2nd quarter valued at about $58,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rush Enterprises by 25.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,616 shares of the company’s stock valued at $101,000 after acquiring an additional 524 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Rush Enterprises during the 2nd quarter valued at about $204,000. 75.69% of the stock is currently owned by institutional investors.
Rush Enterprises stock traded up $0.11 during mid-day trading on Friday, reaching $47.64. 222,284 shares of the company were exchanged, compared to its average volume of 173,136. Rush Enterprises has a 12-month low of $31.53 and a 12-month high of $48.42. The business has a fifty day moving average of $44.34 and a 200 day moving average of $38.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.23 and a current ratio of 1.14. The firm has a market cap of $1.72 billion, a P/E ratio of 12.37, a PEG ratio of 0.75 and a beta of 1.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 1.09%. Rush Enterprises’s dividend payout ratio is presently 13.51%.
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. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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