Rush Enterprises (NASDAQ:RUSHA) Posts Earnings Results, Beats Estimates By $0.20 EPS

Rush Enterprises (NASDAQ:RUSHA) released its quarterly earnings data on Wednesday. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.20, Briefing.com reports. Rush Enterprises had a return on equity of 16.06% and a net margin of 3.90%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $54.85 on Friday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 13.86, a PEG ratio of 2.32 and a beta of 1.01. The stock has a 50-day simple moving average of $44.75 and a two-hundred day simple moving average of $46.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. Rush Enterprises has a fifty-two week low of $34.68 and a fifty-two week high of $56.64.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on Rush Enterprises in a report on Monday, July 8th. They issued an “overweight” rating on the stock.

About Rush Enterprises

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.