Rush Enterprises, Inc. Plans Quarterly Dividend of $0.18 (NASDAQ:RUSHA)

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.18 per share on Thursday, December 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 12th.

Rush Enterprises has increased its dividend by an average of 31.8% annually over the last three years. Rush Enterprises has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $4.08 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 17.6%.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA opened at $58.34 on Thursday. Rush Enterprises has a twelve month low of $34.98 and a twelve month high of $60.55. The firm has a fifty day simple moving average of $51.77 and a 200 day simple moving average of $48.11. The company has a market capitalization of $4.59 billion, a PE ratio of 15.52, a P/E/G ratio of 2.03 and a beta of 1.01. 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 (NASDAQ:RUSHA) last announced its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $0.96 earnings per share. Rush Enterprises’s quarterly revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Rush Enterprises will post 3.44 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $9,371,226.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $9,371,226.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 534 shares of the company’s stock, valued at $27,597.12. 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 sold 64,875 shares of company stock worth $3,422,554. 12.53% of the stock is currently owned by company insiders.

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.