Rush Enterprises (RUSHA) to Post Earnings on Tuesday

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.20. The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. On average, analysts expect Rush Enterprises to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rush Enterprises Stock Performance

RUSHA traded up $0.28 during mid-day trading on Tuesday, reaching $51.87. 215,968 shares of the company traded hands, compared to its average volume of 346,344. The company's fifty day moving average price is $51.42 and its 200-day moving average price is $47.95. The stock has a market capitalization of $4.09 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.98 and a beta of 1.01. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. Rush Enterprises has a 52-week low of $34.68 and a 52-week high of $56.64.

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Tuesday, August 13th. This is a boost from Rush Enterprises's previous quarterly dividend of $0.17. Rush Enterprises's dividend payout ratio is 19.15%.

Insider Buying and Selling at Rush Enterprises

In related news, SVP Jason Wilder sold 4,500 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total value of $232,560.00. Following the completion of the sale, the senior vice president now directly owns 534 shares in the company, valued at $27,597.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Jason Wilder sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total value of $232,560.00. Following the sale, the senior vice president now directly owns 534 shares in the company, valued at approximately $27,597.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total value of $2,152,400.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at $9,371,226.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,875 shares of company stock worth $3,422,554 over the last ninety days. Company insiders own 12.53% of the company's stock.

Analyst Ratings Changes

Separately, Stephens began coverage on Rush Enterprises in a research note on Monday, July 8th. They set an "overweight" rating for the company.

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.