Rush Enterprises (NASDAQ:RUSHA) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

Rush Enterprises Stock Up 8.4 %

Shares of NASDAQ RUSHA traded up $4.62 during midday trading on Wednesday, reaching $59.49. 122,350 shares of the company’s stock traded hands, compared to its average volume of 346,192. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 2.03 and a beta of 1.01. The stock’s 50 day simple moving average is $51.65 and its 200-day simple moving average is $48.04. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. Rush Enterprises has a one year low of $34.98 and a one year high of $60.00.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the sale, the chief executive officer now owns 174,154 shares of the company’s stock, valued at approximately $9,371,226.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $232,560.00. Following the sale, the senior vice president now owns 534 shares in the company, valued at approximately $27,597.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction dated 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 sale, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at approximately $9,371,226.74. This 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.

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.