Wall Street analysts predict that Blue Bird Corp (NASDAQ:BLBD) will announce sales of $317.00 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Blue Bird’s earnings. The lowest sales estimate is $301.70 million and the highest is $332.30 million. Blue Bird reported sales of $314.19 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.9%. The business is expected to announce its next earnings results on Wednesday, August 14th.
On average, analysts expect that Blue Bird will report full-year sales of $1.02 billion for the current fiscal year, with estimates ranging from $1.00 billion to $1.04 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.02 billion, with estimates ranging from $1.01 billion to $1.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Blue Bird.
Blue Bird (NASDAQ:BLBD) last released its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Blue Bird had a net margin of 3.45% and a negative return on equity of 78.39%. The company had revenue of $211.64 million during the quarter, compared to analyst estimates of $217.80 million.
BLBD has been the topic of several analyst reports. BidaskClub lowered Blue Bird from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine lowered Blue Bird from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus raised Blue Bird from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $23.00 in a research note on Monday, May 13th.
Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Blue Bird in the fourth quarter valued at about $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Blue Bird by 52.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $37,000 after buying an additional 742 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Blue Bird by 901.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,174 shares of the company’s stock valued at $54,000 after buying an additional 2,857 shares during the period. Covington Capital Management bought a new stake in shares of Blue Bird in the fourth quarter worth about $63,000. Finally, Citigroup Inc. increased its holdings in shares of Blue Bird by 19.6% in the first quarter. Citigroup Inc. now owns 3,952 shares of the company’s stock worth $67,000 after acquiring an additional 647 shares in the last quarter. 95.88% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:BLBD opened at $18.03 on Friday. Blue Bird has a 1-year low of $15.67 and a 1-year high of $26.95. The stock has a market capitalization of $477.00 million, a price-to-earnings ratio of 10.61 and a beta of 1.19.
About Blue Bird
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane-powered, gasoline-powered, compressed natural gas-powered, and electric powered school buses.
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