Rush Enterprises, Inc. (NASDAQ:RUSHA) Declares $0.13 Quarterly Dividend

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Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.13 per share on Tuesday, December 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, November 7th.

Shares of NASDAQ RUSHA opened at $45.36 on Tuesday. Rush Enterprises has a twelve month low of $31.53 and a twelve month high of $45.99. The company has a current ratio of 1.11, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.73 and a beta of 1.33. The business has a 50 day simple moving average of $39.87 and a 200-day simple moving average of $38.24.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. Rush Enterprises had a return on equity of 15.15% and a net margin of 2.73%. The business had revenue of $1.60 billion during the quarter. As a group, equities analysts predict that Rush Enterprises will post 4.03 earnings per share for the current year.

In related news, CEO William M. Rusty Rush sold 23,657 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $44.81, for a total transaction of $1,060,070.17. Following the completion of the transaction, the chief executive officer now directly owns 105,718 shares in the company, valued at approximately $4,737,223.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven L. Keller sold 18,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $43.98, for a total value of $791,640.00. The disclosure for this sale can be found here. 12.43% of the stock is owned by corporate insiders.

RUSHA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 16th. BidaskClub downgraded Rush Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, ValuEngine downgraded Rush Enterprises from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th.

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.

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Dividend History for Rush Enterprises (NASDAQ:RUSHA)

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