Rush Enterprises (NASDAQ:RUSHA) Announces Quarterly Earnings Results

Rush Enterprises (NASDAQ:RUSHA) posted its quarterly earnings results on Tuesday. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09, Zacks reports. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%.

Rush Enterprises Trading Up 1.2 %

RUSHA stock traded up $0.70 during trading on Tuesday, hitting $61.17. 293,727 shares of the company traded hands, compared to its average volume of 282,736. The company has a 50-day moving average of $58.28 and a 200-day moving average of $55.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises has a 1 year low of $40.99 and a 1 year high of $65.15. The firm has a market capitalization of $4.83 billion, a PE ratio of 16.23, a P/E/G ratio of 2.41 and a beta of 1.02.

Analysts Set New Price Targets

Separately, Stephens increased their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 1st.

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.