Equities analysts forecast that Rush Enterprises, Inc. (NASDAQ:RUSHA) will report earnings per share of $0.47 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Rush Enterprises’ earnings, with estimates ranging from $0.42 to $0.50. Rush Enterprises reported earnings per share of $0.36 during the same quarter last year, which suggests a positive year-over-year growth rate of 30.6%. The business is expected to issue its next quarterly earnings results on Monday, April 23rd.
On average, analysts expect that Rush Enterprises will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.90. For the next year, analysts expect that the company will post earnings of $3.32 per share, with EPS estimates ranging from $3.15 to $3.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rush Enterprises.
Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. Rush Enterprises had a return on equity of 10.00% and a net margin of 3.65%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion.
Several research analysts have recently commented on RUSHA shares. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, February 7th. Seaport Global Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Rush Enterprises in a report on Wednesday, January 17th. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Buckingham Research upgraded Rush Enterprises from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, February 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $51.00 price objective on shares of Rush Enterprises in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.80.
A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in Rush Enterprises by 5.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 22,419 shares of the company’s stock valued at $1,138,000 after purchasing an additional 1,161 shares during the period. Eqis Capital Management Inc. increased its holdings in Rush Enterprises by 25.1% during the 4th quarter. Eqis Capital Management Inc. now owns 6,407 shares of the company’s stock valued at $326,000 after purchasing an additional 1,287 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Rush Enterprises by 9.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,499 shares of the company’s stock valued at $788,000 after purchasing an additional 1,311 shares during the period. USA Financial Portformulas Corp increased its holdings in Rush Enterprises by 16.1% during the 4th quarter. USA Financial Portformulas Corp now owns 9,947 shares of the company’s stock valued at $505,000 after purchasing an additional 1,382 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Rush Enterprises by 70.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after purchasing an additional 1,393 shares during the period. Institutional investors own 78.70% of the company’s stock.
NASDAQ RUSHA traded down $0.88 during trading hours on Friday, reaching $38.60. 71,105 shares of the stock traded hands, compared to its average volume of 304,420. Rush Enterprises has a 1 year low of $33.13 and a 1 year 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. The company has a market capitalization of $1,522.42, a price-to-earnings ratio of 17.24, a PEG ratio of 0.89 and a beta of 1.28.
Rush Enterprises declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 14th that allows the company to buyback $35.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Rush Enterprises Company Profile
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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