Rush Enterprises, Inc. (NASDAQ:RUSHA) issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.25, Yahoo Finance reports. Rush Enterprises had a return on equity of 8.95% and a net margin of 1.74%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion.
Shares of Rush Enterprises (RUSHA) opened at $49.37 on Friday. Rush Enterprises has a 12 month low of $25.60 and a 12 month high of $54.11. The company has a current ratio of 1.13, a quick ratio of 0.28 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,989.05, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20.
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RUSHA has been the topic of several recent analyst reports. Zacks Investment Research downgraded Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BMO Capital Markets restated a “market perform” rating and issued a $50.00 price objective (up from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and issued a $38.00 price objective on shares of Rush Enterprises in a report on Friday, July 28th. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Rush Enterprises has a consensus rating of “Hold” and an average price target of $46.00.
In other news, CEO William M. Rusty Rush sold 10,906 shares of Rush Enterprises stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total value of $558,823.44. Following the completion of the transaction, the chief executive officer now owns 96,155 shares in the company, valued at approximately $4,926,982.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Derrek Weaver sold 26,732 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the sale, the executive vice president now directly owns 14,733 shares in the company, valued at approximately $768,031.29. The disclosure for this sale can be found here. 11.19% of the stock is owned by company insiders.
About Rush Enterprises
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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