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

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Tuesday, August 13th will be paid a dividend of 0.18 per share on Tuesday, September 10th. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, August 13th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17.

Rush Enterprises has increased its dividend by an average of 31.8% per year over the last three years. Rush Enterprises has a dividend payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rush Enterprises to earn $4.40 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 15.5%.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock traded down $3.55 on Friday, hitting $51.30. 24,333 shares of the company’s stock were exchanged, compared to its average volume of 356,218. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. The stock has a market capitalization of $4.03 billion, a PE ratio of 13.86, a PEG ratio of 2.32 and a beta of 1.01. Rush Enterprises has a 1 year low of $34.68 and a 1 year high of $56.64. The company has a 50-day simple moving average of $44.75 and a 200-day simple moving average of $46.57.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.20. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 16.06% and a net margin of 3.90%. Rush Enterprises’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. As a group, equities analysts anticipate that Rush Enterprises will post 3 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stephens started coverage on Rush Enterprises in a report on Monday, July 8th. They set an “overweight” rating for the company.

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.