Rush Enterprises, Inc. (RUSHA) to Issue Quarterly Dividend of $0.12 on December 10th

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Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Wednesday, October 24th, Wall Street Journal reports. Shareholders of record on Wednesday, November 7th will be paid a dividend of 0.12 per share on Monday, December 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, November 6th.

Shares of RUSHA opened at $35.39 on Thursday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 0.66 and a beta of 1.32. Rush Enterprises has a 12 month low of $32.55 and a 12 month high of $55.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.29 and a current ratio of 1.15.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, October 23rd. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.14. Rush Enterprises had a return on equity of 12.99% and a net margin of 3.83%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. As a group, equities research analysts predict that Rush Enterprises will post 3.51 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Buckingham Research restated a “buy” rating on shares of Rush Enterprises in a research note on Tuesday, October 2nd. ValuEngine cut Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. BidaskClub upgraded Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, October 16th. Finally, Credit Suisse Group cut their price objective on Rush Enterprises from $46.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $49.14.

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. 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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