Media stories about Rush Enterprises (NASDAQ:RUSHA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rush Enterprises earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.8760699305845 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Rush Enterprises (RUSHA) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Contrasting Rush Enterprises (RUSHA) & Its Competitors (americanbankingnews.com)
- Rush Enterprises (RUSHA) Given “Hold” Rating at Stifel Nicolaus (americanbankingnews.com)
- Contrasting Rush Enterprises (RUSHA) and Its Competitors (americanbankingnews.com)
- Rush Enterprises, Inc. (RUSHA) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
RUSHA has been the topic of a number of analyst reports. ValuEngine cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Seaport Global Securities reiterated a “buy” rating and set a $62.00 price objective on shares of Rush Enterprises in a research report on Wednesday, January 17th. Stifel Nicolaus reiterated a “hold” rating and set a $51.00 price objective on shares of Rush Enterprises in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, BidaskClub cut shares of Rush Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Rush Enterprises has a consensus rating of “Hold” and a consensus price target of $51.80.
Shares of RUSHA opened at $40.02 on Tuesday. The firm has a market cap of $1,549.50, a PE ratio of 17.48, a P/E/G ratio of 0.91 and a beta of 1.28. Rush Enterprises has a 12-month low of $33.14 and a 12-month high of $55.40. The company has a quick ratio of 0.29, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.
Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, February 14th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Rush Enterprises had a net margin of 3.65% and a return on equity of 10.00%. analysts predict that Rush Enterprises will post 2.85 EPS for the current year.
Rush Enterprises announced that its Board of Directors has initiated a share buyback plan on Wednesday, March 14th that authorizes the company to buyback $35.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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About Rush Enterprises
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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