Rush Enterprises, Inc. (NASDAQ:RUSHA) posted its earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.25, Yahoo Finance reports. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.95%.
Shares of Rush Enterprises (NASDAQ RUSHA) opened at $49.37 on Friday. Rush Enterprises has a 52 week low of $25.60 and a 52 week high of $54.11. The firm has a market cap of $1,989.05, a P/E ratio of 25.90, a P/E/G ratio of 1.60 and a beta of 1.20. The company has a current ratio of 1.13, a quick ratio of 0.28 and a debt-to-equity ratio of 0.57.
In other Rush Enterprises news, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $52.13, for a total transaction of $1,393,539.16. Following the completion of the transaction, the executive vice president now owns 14,733 shares in the company, valued at approximately $768,031.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William M. Rusty Rush sold 10,906 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $51.24, for a total transaction of $558,823.44. Following the completion of the transaction, the chief executive officer now owns 96,155 shares of the company’s stock, valued at approximately $4,926,982.20. The disclosure for this sale can be found here. 11.19% of the stock is owned by corporate insiders.
Several research firms have weighed in on RUSHA. Stifel Nicolaus boosted their target price on shares of Rush Enterprises from $41.00 to $45.00 and gave the company a “hold” rating in a report 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. Zacks Investment Research raised shares of 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. ValuEngine downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Buckingham Research began coverage on shares of Rush Enterprises in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $40.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Rush Enterprises currently has an average rating of “Hold” and a consensus price target of $46.00.
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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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