Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans Quarterly Dividend of $0.17

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, May 8th.

Rush Enterprises has increased its dividend payment by an average of 31.8% per year over the last three years and has raised its dividend every year for the last 5 years.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $46.44 on Thursday. The company has a market cap of $3.62 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. Rush Enterprises has a 12 month low of $33.37 and a 12 month high of $53.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. The company has a 50-day simple moving average of $49.41 and a 200-day simple moving average of $44.82.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.28%. The firm had revenue of $1.87 billion during the quarter. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities analysts anticipate that Rush Enterprises will post 2.88 earnings per share for the current year.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the transaction, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RUSHA. StockNews.com downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Stephens reiterated an “overweight” rating and set a $60.00 price objective 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.