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

Rush Enterprises, Inc. (NASDAQ:RUSHA) has officially announced a quarterly dividend on February 19th. Shareholders who are on record as of March 3rd will receive a dividend of $0.18 per share on March 18th. This dividend amounts to an annualized total of $0.72 and offers a dividend yield of 1.16%. It is important to note that the ex-dividend date for this distribution is also March 3rd.

Over the past three years, Rush Enterprises has elevated its dividend payments by an average of 12.4% annually. The company's dividend payout ratio stands at 17.1%, suggesting that its dividend is well-supported by its earnings. Analysts anticipate that Rush Enterprises will earn $3.92 per share in the coming year, indicating that the company should maintain its ability to cover the $0.72 annual dividend, with a projected future payout ratio of 18.4%.

Performance of Rush Enterprises Stock

On the day of the announcement, shares of NASDAQ RUSHA saw an increase of 1.3%, climbing $0.82 to reach a price of $61.99. The trading volume was notably high at 636,274 shares, exceeding the average volume of 293,483 shares. The firm boasts a market capitalization of $4.90 billion, with a price-to-earnings (P/E) ratio of 16.44, a P/E/G ratio of 2.41, and a beta value of 1.02. The stock has fluctuated between a one-year low of $40.99 and a high of $65.43. Rush Enterprises has a 50-day moving average of $58.29 and a 200-day moving average of $55.92. Its debt-to-equity ratio is 0.23, while the current ratio is 1.40 and the quick ratio is 0.28.

The company reported its quarterly earnings on February 18th, revealing earnings per share of $0.91, surpassing analysts' expectations of $0.82 by $0.09. Revenue for the quarter was recorded at $2.01 billion, significantly higher than the anticipated $1.86 billion. Rush Enterprises achieved a return on equity of 15.43% and a net profit margin of 3.93%. Analysts' consensus suggests that Rush Enterprises is set to report an earnings per share of 3.66 for the current fiscal year.

Analyst Projections

In recent research notes, analysts from Stephens have reaffirmed an "overweight" rating for Rush Enterprises, citing a target price of $69.00 for the shares.

Overview of Rush Enterprises

Rush Enterprises, Inc. operates as an extensive retailer of commercial vehicles and associated services in the United States and Canada. The company's dealerships operate under the name Rush Truck Centers, primarily selling commercial vehicles manufactured by leading brands such as Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.

Dividend, Earnings, Stocks