Rush Enterprises (NASDAQ:RUSHA) Releases Earnings Results, Beats Estimates By $0.01 EPS

by · The Markets Daily

Rush Enterprises (NASDAQ:RUSHA – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01, Zacks reports. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.65%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion.

Rush Enterprises Trading Up 0.3%

RUSHA traded up $0.12 during trading on Tuesday, hitting $45.48. The company’s stock had a trading volume of 841,440 shares, compared to its average volume of 706,515. The firm’s 50 day moving average price is $48.21 and its 200-day moving average price is $35.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38. The stock has a market cap of $5.31 billion, a PE ratio of 20.55, a PEG ratio of 1.61 and a beta of 0.92. Rush Enterprises has a twelve month low of $30.45 and a twelve month high of $55.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $56.67 price target (up from $52.00) on shares of Rush Enterprises in a report on Tuesday, August 25th. 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. Zacks Research cut Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, October 11th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Rush Enterprises currently has an average rating of “Hold” and a consensus price target of $46.00.

Read Our Latest Research Report on Rush Enterprises

Insiders Place Their Bets

In other news, CEO William Rush sold 161,041 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $36.02, for a total transaction of $5,801,054.69. Following the sale, the chief executive officer owned 391,846 shares in the company, valued at $14,115,163.69. This trade represents a 29.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael McRoberts sold 14,625 shares of Rush Enterprises stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $36.20, for a total value of $529,360.00. Following the completion of the sale, the director directly owned 36,514 shares of the company’s stock, valued at approximately $1,321,644.52. This represents a 28.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 252,561 shares of company stock worth $9,092,298. 12.68% of the stock is owned by company insiders.

Rush Enterprises Company Profile

(Get Free Report)

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.

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