Rush Enterprises, Inc. (NASDAQ:RUSHA) Declares Quarterly Dividend of $0.18

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.18 per share on Tuesday, March 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, March 3rd.

Rush Enterprises has increased its dividend payment by an average of 12.4% annually over the last three years. Rush Enterprises has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rush Enterprises to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 18.4%.

Rush Enterprises Stock Performance

NASDAQ RUSHA traded up $0.82 during trading hours on Wednesday, hitting $61.99. The company had a trading volume of 636,274 shares, compared to its average volume of 293,483. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.90 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Rush Enterprises has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The business has a fifty day simple moving average of $58.29 and a 200-day simple moving average of $55.92.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Equities analysts predict that Rush Enterprises will post 3.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and set a $69.00 price target on shares of Rush Enterprises in a report on Wednesday.

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.