Rush Enterprises (RUSHA) Expected to Announce Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA) will likely be posting its results after the market closes on Tuesday, October 27th. Analysts expect the company to post earnings of $0.6520 per share and revenue of $2.05 billion for the quarter.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. On average, analysts expect Rush Enterprises to post $2.43 EPS for the current fiscal year and $2.87 EPS for the next fiscal year.

Rush Enterprises Trading Down 0.7%

Shares of NASDAQ:RUSHA opened at $45.06 on Tuesday. The stock has a 50 day moving average of $49.03 and a 200 day moving average of $38.14. The company has a market cap of $5.26 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. Rush Enterprises has a 12-month low of $30.45 and a 12-month high of $55.74. The company has a current ratio of 1.45, a quick ratio of 0.38 and a debt-to-equity ratio of 0.16.

Rush Enterprises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, September 9th. This is a negative change from Rush Enterprises’s previous quarterly dividend of $0.19. Rush Enterprises’s dividend payout ratio (DPR) is 25.34%.

Insiders Place Their Bets

In other news, SVP Michael Goldstone sold 5,400 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $36.02, for a total value of $194,520.00. Following the completion of the transaction, the senior vice president owned 28,327 shares of the company’s stock, valued at $1,020,401.49. This represents a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael McRoberts sold 14,625 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $36.20, for a total value of $529,360.00. Following the completion of the transaction, the director directly owned 36,514 shares of the company’s stock, valued at approximately $1,321,644.52. This trade represents a 28.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 252,561 shares of company stock valued at $9,092,298 over the last three months. Insiders own 12.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Stephens upped their price target on shares of Rush Enterprises from $40.00 to $42.22 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. UBS Group reissued a “neutral” rating and issued a $56.67 price objective (up from $52.00) on shares of Rush Enterprises in a research note on Tuesday, August 25th. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.00.

About Rush Enterprises

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.