Rush Enterprises (NASDAQ:RUSHA) issued its earnings results on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.10, Bloomberg Earnings reports. Rush Enterprises had a return on equity of 14.60% and a net margin of 2.53%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.48 billion.
RUSHA stock traded down $1.16 during midday trading on Thursday, reaching $44.03. 10,564 shares of the company’s stock traded hands, compared to its average volume of 142,464. Rush Enterprises has a 1-year low of $31.53 and a 1-year high of $46.34. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.23.
A number of hedge funds have recently added to or reduced their stakes in RUSHA. FNY Investment Advisers LLC boosted its position in shares of Rush Enterprises by 109.8% in the 4th quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock worth $41,000 after purchasing an additional 628 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Rush Enterprises by 342.1% during the first quarter. Meeder Asset Management Inc. now owns 3,422 shares of the company’s stock worth $142,000 after acquiring an additional 2,648 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Rush Enterprises by 9.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock worth $122,000 after acquiring an additional 321 shares in the last quarter. South Texas Money Management Ltd. bought a new position in Rush Enterprises during the first quarter worth about $209,000. Finally, Denali Advisors LLC bought a new position in Rush Enterprises during the first quarter worth about $226,000. 75.67% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on RUSHA shares. Zacks Investment Research cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Friday, February 1st. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Finally, ValuEngine cut Rush Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.75.
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Rush Enterprises Company Profile
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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