Blue Bird (NASDAQ:BLBD) Issues Quarterly Earnings Results

Blue Bird (NASDAQ:BLBD) issued its earnings results on Wednesday. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Trading Down 1.2 %

BLBD traded down $0.43 during mid-day trading on Wednesday, reaching $35.73. The stock had a trading volume of 1,247,102 shares, compared to its average volume of 727,282. The stock has a market capitalization of $1.15 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.90 and a beta of 1.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.37. The firm’s fifty day simple moving average is $40.16 and its two-hundred day simple moving average is $44.12. Blue Bird has a 52 week low of $29.00 and a 52 week high of $59.40.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BLBD shares. Bank of America dropped their target price on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a report on Tuesday, November 26th. BTIG Research started coverage on Blue Bird in a report on Wednesday, October 9th. They issued a “buy” rating and a $55.00 target price for the company. StockNews.com raised Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price on shares of Blue Bird in a report on Tuesday, January 14th. Finally, Craig Hallum increased their price target on Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.64.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 19,171 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total value of $822,244.19. Following the transaction, the chief financial officer now directly owns 89,347 shares in the company, valued at $3,832,092.83. This trade represents a 17.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

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.