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

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.18 per share on Thursday, December 12th. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 12th.

Rush Enterprises has increased its dividend by an average of 31.8% annually over the last three years. Rush Enterprises has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $4.08 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 17.6%.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $58.34 on Thursday. The business’s 50-day simple moving average is $51.77 and its 200-day simple moving average is $48.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises has a 52 week low of $34.98 and a 52 week high of $60.55. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 2.03 and a beta of 1.01.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.85% and a net margin of 3.90%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities research analysts expect that Rush Enterprises will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, SVP Michael L. Goldstone sold 7,875 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $51.25, for a total value of $403,593.75. Following the sale, the senior vice president now owns 12,238 shares in the company, valued at approximately $627,197.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Rush Enterprises news, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total value of $232,560.00. Following the completion of the sale, the senior vice president now owns 534 shares in the company, valued at approximately $27,597.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael L. Goldstone sold 7,875 shares of Rush Enterprises stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.25, for a total value of $403,593.75. Following the sale, the senior vice president now directly owns 12,238 shares in the company, valued at $627,197.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,875 shares of company stock valued at $3,422,554. Insiders own 12.53% of the company’s stock.

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.