Rush Enterprises (NASDAQ:RUSHA) Announces Quarterly Earnings Results

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

Rush Enterprises Stock Up 6.3 %

NASDAQ:RUSHA opened at $58.34 on Thursday. The firm has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $48.11. Rush Enterprises has a fifty-two week low of $34.98 and a fifty-two week high of $60.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 1.40. The firm has a market cap of $4.59 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.03 and a beta of 1.01.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jason Wilder sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total value of $232,560.00. Following the completion of the transaction, the senior vice president now owns 534 shares of the company’s stock, valued at approximately $27,597.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rush Enterprises news, SVP Michael L. Goldstone sold 7,875 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.25, for a total transaction of $403,593.75. Following the completion of the sale, the senior vice president now directly owns 12,238 shares in the company, valued at $627,197.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jason Wilder sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the transaction, the senior vice president now owns 534 shares in the company, valued at $27,597.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,875 shares of company stock valued at $3,422,554 over the last 90 days. Corporate insiders own 12.53% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens started coverage on shares of Rush Enterprises in a report on Monday, July 8th. They set an “overweight” rating for the company.

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 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.