Press coverage about Rush Enterprises (NASDAQ:RUSHA) has trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news 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 positive one, with scores nearest to one being the most favorable. Rush Enterprises earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.110279750929 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Rush Enterprises (RUSHA) opened at $53.27 on Tuesday. Rush Enterprises has a 1-year low of $30.74 and a 1-year high of $54.37. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2,120.00, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.41 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, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.25. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. equities research analysts anticipate that Rush Enterprises will post 2.17 EPS for the current year.
Rush Enterprises announced that its board has authorized a share repurchase program on Thursday, November 30th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
RUSHA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Wednesday, October 18th. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Stifel Nicolaus increased their target price on 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 restated a “market perform” rating and issued a $50.00 target price (up previously from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call. Finally, BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $50.00.
In related news, SVP Scott T. Anderson sold 12,144 shares of Rush Enterprises stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.76, for a total transaction of $616,429.44. Following the sale, the senior vice president now directly owns 3,600 shares of the company’s stock, valued at $182,736. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP James E. Thor sold 24,200 shares of Rush Enterprises stock in a transaction dated Monday, November 20th. The stock was 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 directly owns 39,032 shares in the company, valued at $1,900,858.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,982 shares of company stock worth $3,747,332. 11.19% of the stock is owned by company insiders.
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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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