Rush Enterprises (NASDAQ:RUSHA) Issues Earnings Results

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.02, Briefing.com reports. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.84 billion. Rush Enterprises had a return on equity of 15.85% and a net margin of 3.90%. The firm's revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS.

Rush Enterprises Trading Up 6.3 %

Rush Enterprises stock traded up $3.47 during mid-day trading on Wednesday, hitting $58.34. The company's stock had a trading volume of 807,236 shares, compared to its average volume of 349,454. The company has a 50 day moving average of $51.77 and a 200-day moving average of $48.11. The stock has a market cap of $4.59 billion, a PE ratio of 15.52, a P/E/G ratio of 2.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises has a one year low of $34.98 and a one year high of $60.55.

Insider Transactions at Rush Enterprises

In other news, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the transaction, the chief executive officer now owns 174,154 shares of the company's stock, valued at approximately $9,371,226.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Michael Mcroberts sold 12,500 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.72, for a total transaction of $634,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,220 shares in the company, valued at $771,958.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William M. Rusty Rush sold 40,000 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total value of $2,152,400.00. Following the sale, the chief executive officer now owns 174,154 shares of the company's stock, valued at $9,371,226.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,875 shares of company stock valued at $3,422,554. 12.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on Rush Enterprises in a report on Monday, July 8th. They set an "overweight" rating on the stock.

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.