Rush Enterprises, Inc. (RUSHA) Expected to Announce Earnings of $0.47 Per Share

Wall Street analysts expect that Rush Enterprises, Inc. (NASDAQ:RUSHA) will report earnings of $0.47 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Rush Enterprises’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.50. Rush Enterprises reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 30.6%. The business is scheduled to announce its next quarterly earnings report 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 financial year, analysts expect that the firm will post earnings of $3.32 per share, with EPS estimates ranging from $3.15 to $3.49. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Rush Enterprises.

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Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data 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 return on equity of 10.00% and a net margin of 3.65%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion.

A number of research firms have recently issued reports on RUSHA. ValuEngine cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Seaport Global Securities reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Rush Enterprises in a research report on Wednesday, January 17th. Stephens raised Rush Enterprises from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets dropped their price target on Rush Enterprises from $50.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Rush Enterprises presently has a consensus rating of “Hold” and an average target price of $51.80.

RUSHA opened at $38.65 on Friday. Rush Enterprises has a 12-month low of $33.13 and a 12-month high of $55.40. The company has a market capitalization of $1,539.55, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. 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 announced that its board has authorized a stock buyback program on Wednesday, March 14th that permits the company to buyback $35.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in RUSHA. Hennessy Advisors Inc. acquired a new stake in Rush Enterprises during the 4th quarter worth approximately $30,953,000. Renaissance Technologies LLC lifted its holdings in Rush Enterprises by 39.1% during the 4th quarter. Renaissance Technologies LLC now owns 731,078 shares of the company’s stock worth $37,146,000 after purchasing an additional 205,400 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Rush Enterprises by 222.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 146,500 shares of the company’s stock worth $7,444,000 after purchasing an additional 101,100 shares during the last quarter. Millennium Management LLC lifted its holdings in Rush Enterprises by 17.8% during the 4th quarter. Millennium Management LLC now owns 640,634 shares of the company’s stock worth $32,551,000 after purchasing an additional 96,875 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Rush Enterprises by 3.6% during the 4th quarter. BlackRock Inc. now owns 2,089,053 shares of the company’s stock worth $106,146,000 after purchasing an additional 71,825 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Rush Enterprises (NASDAQ:RUSHA)

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