Rush Enterprises, Inc. Class A (RUSHA) Expected to Announce Earnings of $0.88 Per Share

Analysts expect Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) to report earnings of $0.88 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Rush Enterprises, Inc. Class A’s earnings, with estimates ranging from $0.83 to $0.92. Rush Enterprises, Inc. Class A posted earnings per share of $0.72 during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The company is expected to announce its next earnings report on Wednesday, October 24th.

On average, analysts expect that Rush Enterprises, Inc. Class A will report full year earnings of $3.36 per share for the current year, with EPS estimates ranging from $3.23 to $3.43. For the next financial year, analysts expect that the firm will report earnings of $3.68 per share, with EPS estimates ranging from $3.40 to $4.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Rush Enterprises, Inc. Class A.

Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) last posted its earnings results on Tuesday, July 24th. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.19. Rush Enterprises, Inc. Class A had a return on equity of 12.35% and a net margin of 3.68%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion.

A number of research firms have recently weighed in on RUSHA. ValuEngine downgraded Rush Enterprises, Inc. Class A from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Zacks Investment Research raised Rush Enterprises, Inc. Class A from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, June 27th. BidaskClub downgraded Rush Enterprises, Inc. Class A from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. Longbow Research raised Rush Enterprises, Inc. Class A from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Friday, June 1st. Finally, Credit Suisse Group dropped their target price on Rush Enterprises, Inc. Class A from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, April 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.43.

RUSHA opened at $43.26 on Monday. Rush Enterprises, Inc. Class A has a fifty-two week low of $37.95 and a fifty-two week high of $55.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.30. The firm has a market cap of $1.75 billion, a PE ratio of 18.89, a PEG ratio of 0.89 and a beta of 1.32.

The business also recently declared an annual dividend, which will be paid on Wednesday, August 29th. Investors of record on Wednesday, August 8th will be paid a $0.12 dividend. This represents a yield of 0.28%. The ex-dividend date of this dividend is Tuesday, August 7th.

A number of hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in shares of Rush Enterprises, Inc. Class A by 442.3% during the second quarter. Acadian Asset Management LLC now owns 3,259 shares of the company’s stock worth $141,000 after purchasing an additional 2,658 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Rush Enterprises, Inc. Class A during the first quarter worth about $215,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Rush Enterprises, Inc. Class A during the first quarter worth about $230,000. Trexquant Investment LP bought a new stake in shares of Rush Enterprises, Inc. Class A during the second quarter worth about $232,000. Finally, SG Americas Securities LLC bought a new stake in shares of Rush Enterprises, Inc. Class A during the first quarter worth about $242,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises, Inc. Class A 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, Mitsubishi Fuso, 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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