Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Wednesday, February 12th, Zacks reports. Shareholders of record on Tuesday, February 25th will be given a dividend of 0.13 per share on Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, February 24th.
Rush Enterprises has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $3.59 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 14.5%.
NASDAQ RUSHA traded up $1.32 during trading on Friday, reaching $42.53. The company’s stock had a trading volume of 108,481 shares, compared to its average volume of 135,207. The company has a current ratio of 1.14, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30. Rush Enterprises has a 12 month low of $33.73 and a 12 month high of $49.27. The firm has a 50 day moving average price of $44.92 and a 200 day moving average price of $42.16.
A number of research firms have issued reports on RUSHA. ValuEngine downgraded shares of Rush Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Thursday, January 23rd. Buckingham Research cut their price target on shares of Rush Enterprises from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday. Stephens cut their price target on shares of Rush Enterprises from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Friday. Finally, BidaskClub lowered shares of Rush Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Rush Enterprises has an average rating of “Hold” and a consensus target price of $49.00.
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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