Rush Enterprises (NASDAQ:RUSHA) announced its earnings results on Wednesday. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.10, Bloomberg Earnings reports. Rush Enterprises had a net margin of 2.53% and a return on equity of 14.60%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.48 billion.
RUSHA stock traded down $1.48 during trading hours on Thursday, reaching $43.71. The stock had a trading volume of 8,962 shares, compared to its average volume of 142,464. The stock has a market cap of $1.56 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.23. Rush Enterprises has a fifty-two week low of $31.53 and a fifty-two week high of $46.34.
A number of hedge funds have recently made changes to their positions in RUSHA. Raymond James & Associates lifted its stake in shares of Rush Enterprises by 4.8% during the 4th quarter. Raymond James & Associates now owns 6,939 shares of the company’s stock worth $239,000 after buying an additional 320 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Rush Enterprises by 9.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock worth $122,000 after buying an additional 321 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Rush Enterprises by 109.8% during the 4th quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock worth $41,000 after buying an additional 628 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Rush Enterprises by 0.8% during the 4th quarter. Nordea Investment Management AB now owns 95,200 shares of the company’s stock worth $3,283,000 after buying an additional 800 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Rush Enterprises by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 25,425 shares of the company’s stock worth $1,000,000 after buying an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.
RUSHA has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, February 8th. BidaskClub upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Finally, ValuEngine upgraded shares of Rush Enterprises from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.75.
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About Rush Enterprises
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.
Further Reading: Ex-Dividend
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