Rush Enterprises (NASDAQ:RUSHA) Announces Quarterly Earnings Results

Rush Enterprises (NASDAQ:RUSHA) posted its earnings results on Tuesday. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09, Zacks reports. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%.

Rush Enterprises Price Performance

RUSHA stock traded up $0.70 during midday trading on Tuesday, reaching $61.17. 293,727 shares of the stock were exchanged, compared to its average volume of 282,736. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The stock has a market capitalization of $4.83 billion, a PE ratio of 16.23, a P/E/G ratio of 2.41 and a beta of 1.02. Rush Enterprises has a 52 week low of $40.99 and a 52 week high of $65.15. The company has a fifty day moving average price of $58.28 and a 200 day moving average price of $55.86.

Analyst Ratings Changes

Separately, Stephens upped their price objective on shares of Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st.

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 and Canada. 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, IC Bus, Blue Bird, and Dennis Eagle.