Rush Enterprises, Inc. (NASDAQ:RUSHA) – Stock analysts at Seaport Global Securities boosted their FY2017 earnings per share estimates for Rush Enterprises in a note issued to investors on Thursday. Seaport Global Securities analyst R. Wood now expects that the company will earn $1.84 per share for the year, up from their previous estimate of $1.55. Seaport Global Securities has a “Buy” rating and a $42.00 price objective on the stock. Seaport Global Securities also issued estimates for Rush Enterprises’ FY2018 earnings at $2.25 EPS.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.15. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.37%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. ILLEGAL ACTIVITY NOTICE: “FY2017 EPS Estimates for Rush Enterprises, Inc. Increased by Seaport Global Securities (NASDAQ:RUSHA)” was first reported by BNB Daily and is the property of of BNB Daily. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/fy2017-eps-estimates-for-rush-enterprises-inc-increased-by-seaport-global-securities-nasdaqrusha-updated-updated.html.
A number of other brokerages have also recently weighed in on RUSHA. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Saturday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price target on shares of Rush Enterprises in a research report on Friday. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet raised Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a research report on Friday, July 7th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Rush Enterprises has a consensus rating of “Buy” and a consensus target price of $39.25.
Shares of Rush Enterprises (NASDAQ:RUSHA) opened at 42.79 on Monday. The company has a market capitalization of $1.69 billion, a P/E ratio of 27.01 and a beta of 1.16. The firm has a 50-day moving average of $37.44 and a 200-day moving average of $35.34. Rush Enterprises has a 12 month low of $21.99 and a 12 month high of $43.55.
Several institutional investors have recently bought and sold shares of the company. Airain ltd purchased a new position in Rush Enterprises during the first quarter valued at $714,000. Gamco Investors INC. ET AL increased its position in shares of Rush Enterprises by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 16,889 shares of the company’s stock worth $559,000 after buying an additional 110 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of Rush Enterprises by 79.9% in the first quarter. Alambic Investment Management L.P. now owns 26,115 shares of the company’s stock worth $864,000 after buying an additional 11,600 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Rush Enterprises by 33.6% in the first quarter. Suntrust Banks Inc. now owns 18,617 shares of the company’s stock worth $615,000 after buying an additional 4,687 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Rush Enterprises during the first quarter worth approximately $414,000. 76.75% of the stock is owned by institutional investors and hedge funds.
Rush Enterprises Company Profile
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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