Rush Enterprises (NASDAQ:RUSHA) Releases Earnings Results

Rush Enterprises (NASDAQ:RUSHA) posted its quarterly earnings results on Tuesday. The company reported $0.91 earnings per share 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

NASDAQ:RUSHA opened at $61.17 on Wednesday. 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 company has a 50 day moving average price of $58.29 and a 200-day moving average price of $55.92. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Rush Enterprises has a 1-year low of $40.99 and a 1-year high of $65.15.

Analysts Set New Price Targets

Separately, Stephens lifted their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note 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.