Blue Bird (BLBD) Set to Announce Earnings on Wednesday

Blue Bird (NASDAQ:BLBD) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Blue Bird to post earnings of $0.43 per share for the quarter. Blue Bird has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.52. Blue Bird had a return on equity of 223.85% and a net margin of 5.04%. The business had revenue of $317.66 million for the quarter, compared to analysts’ expectations of $265.00 million. On average, analysts expect Blue Bird to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Blue Bird Stock Up 3.2 %

Blue Bird stock opened at $35.40 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 1.30. The stock has a market cap of $1.14 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. Blue Bird has a fifty-two week low of $17.59 and a fifty-two week high of $39.01. The firm’s 50-day simple moving average is $34.87 and its 200 day simple moving average is $27.89.

Insider Buying and Selling at Blue Bird

In related news, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.90, for a total transaction of $133,003,185.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Britton Smith sold 6,228 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $33.49, for a total transaction of $208,575.72. Following the transaction, the president now owns 87,250 shares of the company’s stock, valued at $2,922,002.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Asp Bb Holdings Llc sold 4,042,650 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $32.90, for a total value of $133,003,185.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,132,597 shares of company stock worth $135,960,973. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLBD shares. Roth Mkm reiterated a “buy” rating and issued a $40.00 price target (up from $35.00) on shares of Blue Bird in a research report on Tuesday, April 23rd. Barclays lifted their target price on shares of Blue Bird from $25.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC started coverage on shares of Blue Bird in a research report on Thursday, February 29th. They set a “buy” rating and a $44.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Blue Bird has an average rating of “Buy” and a consensus price target of $35.42.

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.