Equities research analysts expect Blue Bird Corp (NASDAQ:BLBD) to announce $322.70 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Blue Bird’s earnings. The highest sales estimate is $324.30 million and the lowest is $321.10 million. Blue Bird reported sales of $312.69 million in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is expected to report its next quarterly earnings report on Wednesday, December 5th.
On average, analysts expect that Blue Bird will report full-year sales of $1.02 billion for the current financial year, with estimates ranging from $1.01 billion to $1.02 billion. For the next year, analysts anticipate that the company will report sales of $1.05 billion per share, with estimates ranging from $1.05 billion to $1.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Blue Bird.
Blue Bird (NASDAQ:BLBD) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.26. The business had revenue of $314.19 million during the quarter, compared to the consensus estimate of $320.90 million. Blue Bird had a negative return on equity of 45.73% and a net margin of 3.02%.
Several large investors have recently bought and sold shares of BLBD. Osterweis Capital Management Inc. bought a new position in shares of Blue Bird during the second quarter worth about $58,345,000. BlackRock Inc. grew its holdings in shares of Blue Bird by 42.4% during the second quarter. BlackRock Inc. now owns 775,397 shares of the company’s stock worth $17,330,000 after buying an additional 230,846 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Blue Bird during the first quarter valued at approximately $4,274,000. First Trust Advisors LP boosted its position in Blue Bird by 940.7% during the second quarter. First Trust Advisors LP now owns 100,893 shares of the company’s stock valued at $2,255,000 after purchasing an additional 91,198 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Blue Bird by 63.0% during the first quarter. Northern Trust Corp now owns 130,044 shares of the company’s stock valued at $3,082,000 after purchasing an additional 50,248 shares during the last quarter. Institutional investors and hedge funds own 85.12% of the company’s stock.
NASDAQ:BLBD opened at $21.45 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of -2.56. The stock has a market cap of $601.87 million, a P/E ratio of 17.46 and a beta of 1.15. Blue Bird has a 52-week low of $15.66 and a 52-week high of $24.99.
Blue Bird Company Profile
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.
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