Rush Enterprises (NASDAQ:RUSHA) Posts Earnings Results, Beats Estimates By $0.02 EPS

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

Rush Enterprises Stock Up 0.1 %

RUSHA stock opened at $54.90 on Wednesday. Rush Enterprises has a twelve month low of $34.98 and a twelve month high of $56.64. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.32 billion, a P/E ratio of 14.59, a PEG ratio of 2.03 and a beta of 1.01. The business’s 50-day moving average price is $51.65 and its 200-day moving average price is $48.04.

Analyst Ratings Changes

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

Insider Activity

In related news, SVP Michael L. Goldstone sold 7,875 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.25, for a total value of $403,593.75. Following the transaction, the senior vice president now directly owns 12,238 shares of the company’s stock, valued at approximately $627,197.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Michael L. Goldstone sold 7,875 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.25, for a total value of $403,593.75. Following the transaction, the senior vice president now directly owns 12,238 shares of the company’s stock, valued at approximately $627,197.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William M. Rusty Rush sold 40,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $9,371,226.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,875 shares of company stock valued at $3,422,554 in the last ninety days. Corporate insiders own 12.53% of the company’s stock.

About Rush Enterprises

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.