$1.20 Billion in Sales Expected for Rush Enterprises, Inc. (RUSHA) This Quarter
Equities research analysts expect Rush Enterprises, Inc. (NASDAQ:RUSHA) to post sales of $1.20 billion for the current quarter, Zacks reports. Two analysts have made estimates for Rush Enterprises’ earnings. Rush Enterprises posted sales of $1.02 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Rush Enterprises will report full-year sales of $1.20 billion for the current financial year, with estimates ranging from $4.70 billion to $4.71 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.98 billion per share, with estimates ranging from $4.91 billion to $5.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Rush Enterprises.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.82%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion.
A number of brokerages recently weighed in on RUSHA. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of Rush Enterprises in a research note on Friday, July 28th. Zacks Investment Research cut Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $50.00 price target (up previously from $42.00) on shares of Rush Enterprises in a research note on Monday, October 30th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Rush Enterprises currently has a consensus rating of “Hold” and a consensus price target of $46.00.
In related news, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total value of $558,823.44. Following the completion of the sale, the chief executive officer now directly owns 96,155 shares in the company, valued at approximately $4,926,982.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the sale, the executive vice president now owns 14,733 shares of the company’s stock, valued at $768,031.29. The disclosure for this sale can be found here. 11.19% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its holdings in shares of Rush Enterprises by 70.7% during the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock worth $157,000 after buying an additional 1,393 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Rush Enterprises during the third quarter worth approximately $182,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Rush Enterprises by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after buying an additional 316 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Rush Enterprises during the third quarter worth approximately $204,000. Finally, Wrapmanager Inc. acquired a new position in shares of Rush Enterprises during the third quarter worth approximately $216,000. Institutional investors own 76.02% of the company’s stock.
Shares of Rush Enterprises (NASDAQ RUSHA) traded down $0.30 during trading on Friday, reaching $48.35. 225,369 shares of the company’s stock traded hands, compared to its average volume of 212,236. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55. Rush Enterprises has a 12-month low of $27.43 and a 12-month high of $54.11. The company has a market capitalization of $1,923.80, a PE ratio of 25.05, a PEG ratio of 1.55 and a beta of 1.20.
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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