Zacks: Brokerages Anticipate Rush Enterprises, Inc. (NASDAQ:RUSHA) to Post $0.53 EPS

Brokerages forecast that Rush Enterprises, Inc. (NASDAQ:RUSHA) will announce earnings per share of $0.53 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Rush Enterprises’ earnings. Rush Enterprises reported earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.3%. The company is expected to announce its next quarterly earnings results after the market closes on Wednesday, April 28th.

On average, analysts expect that Rush Enterprises will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.75 to $3.00. For the next fiscal year, analysts expect that the firm will post earnings of $3.27 per share, with EPS estimates ranging from $3.10 to $3.43. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rush Enterprises.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, February 9th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.18. The company had revenue of $1.27 billion during the quarter. Rush Enterprises had a net margin of 2.04% and a return on equity of 8.24%.

Separately, Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research note on Wednesday, February 24th.

In related news, COO Michael Mcroberts sold 3,750 shares of the firm’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $46.06, for a total value of $172,725.00. Following the completion of the transaction, the chief operating officer now directly owns 12,323 shares of the company’s stock, valued at $567,597.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.49% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in RUSHA. Aperio Group LLC lifted its holdings in Rush Enterprises by 3.2% during the 3rd quarter. Aperio Group LLC now owns 8,917 shares of the company’s stock valued at $451,000 after purchasing an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Rush Enterprises by 58.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 268,710 shares of the company’s stock valued at $13,581,000 after purchasing an additional 98,924 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in Rush Enterprises during the 3rd quarter valued at $435,000. Handelsbanken Fonder AB acquired a new stake in Rush Enterprises during the 3rd quarter valued at $220,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in Rush Enterprises by 8.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 34,321 shares of the company’s stock valued at $1,735,000 after purchasing an additional 2,582 shares during the last quarter. 48.95% of the stock is owned by institutional investors and hedge funds.

Shares of RUSHA traded up $0.15 during mid-day trading on Friday, hitting $49.52. 1,096 shares of the company’s stock were exchanged, compared to its average volume of 223,874. The company has a market cap of $2.73 billion, a PE ratio of 28.27, a P/E/G ratio of 1.30 and a beta of 1.34. Rush Enterprises has a 52 week low of $20.71 and a 52 week high of $51.92. The company has a 50-day simple moving average of $46.49 and a 200 day simple moving average of $41.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.39.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 16th. Investors of record on Thursday, February 25th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 24th. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. Rush Enterprises’s dividend payout ratio (DPR) is currently 28.69%.

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. 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, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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