Analysts expect Rush Enterprises, Inc. (NASDAQ:RUSHA) to post $0.47 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Rush Enterprises’ earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.50. Rush Enterprises reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 30.6%. The company is expected to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Rush Enterprises will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.90. For the next financial year, analysts expect that the business will post earnings of $3.32 per share, with EPS estimates ranging from $3.15 to $3.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Rush Enterprises.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly 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. Rush Enterprises had a net margin of 3.65% and a return on equity of 10.00%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion.
Institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its position in shares of Rush Enterprises by 70.7% in the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after buying an additional 1,393 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Rush Enterprises in the third quarter valued at approximately $182,000. Trexquant Investment LP purchased a new position in shares of Rush Enterprises in the third quarter valued at approximately $204,000. Amalgamated Bank purchased a new position in shares of Rush Enterprises in the fourth quarter valued at approximately $209,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Rush Enterprises in the third quarter valued at approximately $236,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rush Enterprises (NASDAQ:RUSHA) traded down $1.07 during trading on Tuesday, reaching $40.70. 211,548 shares of the company’s stock were exchanged, compared to its average volume of 335,764. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.29. Rush Enterprises has a twelve month low of $30.74 and a twelve month high of $55.40. The firm has a market cap of $1,621.20, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.95 and a beta of 1.28.
Rush Enterprises declared that its board has initiated a stock buyback plan on Thursday, November 30th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is 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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