Rush Enterprises (RUSHA) Given Coverage Optimism Score of 0.23

Media headlines about Rush Enterprises (NASDAQ:RUSHA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rush Enterprises earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.9542429569913 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Rush Enterprises (NASDAQ:RUSHA) opened at $53.57 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. Rush Enterprises has a 52 week low of $30.74 and a 52 week high of $54.35. The stock has a market capitalization of $2,140.00, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.17.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. equities analysts predict that Rush Enterprises will post 2.17 earnings per share for the current year.

Rush Enterprises declared that its board has authorized a stock repurchase plan on Thursday, November 30th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts recently commented on the company. Stifel Nicolaus increased their price objective on Rush Enterprises from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reissued a “market perform” rating and issued a $50.00 price target (up from $42.00) on shares of Rush Enterprises in a research note on Monday, October 30th. They noted that the move was a valuation call. ValuEngine lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $46.00.

In related news, CEO William M. Rusty Rush sold 10,906 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total transaction of $558,823.44. Following the sale, the chief executive officer now directly owns 96,155 shares in the company, valued at approximately $4,926,982.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James E. Thor sold 24,200 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.70, for a total value of $1,178,540.00. Following the sale, the senior vice president now owns 39,032 shares in the company, valued at $1,900,858.40. The disclosure for this sale can be found here. Insiders sold a total of 73,982 shares of company stock worth $3,747,332 over the last ninety days. Corporate insiders own 11.19% of the company’s stock.

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Rush Enterprises Company Profile

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.

Insider Buying and Selling by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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