Rush Enterprises' shares dropped 3.1% on Wednesday despite reporting Q1 earnings of $0.95/share, beating estimates, and $2.03B revenue surpassing expectations.

Shares of Rush Enterprises (RUSHA) dropped 3.1% during trading on Wednesday. The company reported quarterly earnings data on Tuesday, with earnings per share of $0.95, beating analysts' estimates by $0.11. Rush Enterprises' revenue for the quarter was $2.03 billion, also exceeding expectations. The stock has a market cap of $3.83 billion and a price-to-earnings-growth ratio of 1.01. Rush Enterprises announced a quarterly dividend of $0.17 per share, representing a 1.44% yield. The company has raised its dividend annually for the last 5 years and has an expected future payout ratio of 21.8%.

February 15, 2024
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