Blue Bird (NASDAQ:BLBD) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Blue Bird (NASDAQ:BLBD) issued its earnings results on Wednesday. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03, Zacks reports. Blue Bird had a return on equity of 91.12% and a net margin of 7.83%.

Blue Bird Stock Down 1.2 %

Shares of BLBD traded down $0.43 during trading hours on Wednesday, hitting $35.73. 1,247,102 shares of the company were exchanged, compared to its average volume of 727,282. The company has a market cap of $1.15 billion, a PE ratio of 11.24, a PEG ratio of 0.90 and a beta of 1.56. The firm’s 50 day moving average is $40.16 and its 200-day moving average is $44.12. Blue Bird has a 52 week low of $29.00 and a 52 week high of $59.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLBD. Bank of America decreased their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a research report on Tuesday, January 14th. BTIG Research started coverage on Blue Bird in a research report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price objective for the company. StockNews.com upgraded Blue Bird from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Craig Hallum boosted their target price on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.64.

Insider Transactions at Blue Bird

In related news, CFO Razvan Radulescu sold 19,171 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the transaction, the chief financial officer now owns 89,347 shares of the company’s stock, valued at approximately $3,832,092.83. The trade was a 17.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Blue Bird Company Profile

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.