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

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

Rush Enterprises Stock Performance

Shares of RUSHA stock traded up $4.31 during mid-day trading on Wednesday, reaching $59.18. The stock had a trading volume of 184,851 shares, compared to its average volume of 346,444. Rush Enterprises has a one year low of $34.98 and a one year high of $60.00. The firm has a market cap of $4.66 billion, a PE ratio of 15.78, a P/E/G ratio of 2.03 and a beta of 1.01. The firm’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.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO William M. Rusty Rush sold 40,000 shares of the company’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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction that occurred on Friday, August 23rd. The shares were 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 owns 174,154 shares in the company, valued at approximately $9,371,226.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Mcroberts sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.72, for a total value of $634,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,220 shares in the company, valued at $771,958.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,875 shares of company stock worth $3,422,554. Company 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.