Equities analysts predict that Blue Bird Corp (NASDAQ:BLBD) will report earnings of $0.68 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Blue Bird’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. Blue Bird posted earnings per share of $0.51 during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings results on Wednesday, December 5th.

On average, analysts expect that Blue Bird will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.65. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.80 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Blue Bird.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.26. Blue Bird had a negative return on equity of 45.73% and a net margin of 3.02%. The firm had revenue of $314.19 million during the quarter, compared to the consensus estimate of $320.90 million.

A number of research firms have weighed in on BLBD. BidaskClub raised Blue Bird from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 19th. Roth Capital set a $24.00 price objective on Blue Bird and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, ValuEngine raised Blue Bird from a “hold” rating to a “buy” rating in a report on Thursday, June 21st.

In other news, Director Daniel J. Hennessy sold 8,013 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $22.91, for a total value of $183,577.83. Following the completion of the sale, the director now owns 50,178 shares of the company’s stock, valued at approximately $1,149,577.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel J. Hennessy sold 27,887 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $22.84, for a total value of $636,939.08. Following the completion of the sale, the director now directly owns 5,053 shares of the company’s stock, valued at approximately $115,410.52. The disclosure for this sale can be found here. Corporate insiders own 16.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Blue Bird by 51.2% in the 1st quarter. BlackRock Inc. now owns 544,551 shares of the company’s stock valued at $12,905,000 after buying an additional 184,451 shares during the last quarter. Royal Bank of Canada raised its stake in Blue Bird by 16,108.6% in the 1st quarter. Royal Bank of Canada now owns 48,950 shares of the company’s stock valued at $1,160,000 after acquiring an additional 48,648 shares during the period. Northern Trust Corp raised its stake in Blue Bird by 63.0% in the 1st quarter. Northern Trust Corp now owns 130,044 shares of the company’s stock valued at $3,082,000 after acquiring an additional 50,248 shares during the period. First Trust Advisors LP raised its stake in Blue Bird by 940.7% in the 2nd quarter. First Trust Advisors LP now owns 100,893 shares of the company’s stock valued at $2,255,000 after acquiring an additional 91,198 shares during the period. Finally, IndexIQ Advisors LLC raised its stake in Blue Bird by 8.2% in the 2nd quarter. IndexIQ Advisors LLC now owns 92,294 shares of the company’s stock valued at $2,063,000 after acquiring an additional 6,992 shares during the period. 96.92% of the stock is owned by institutional investors.

NASDAQ:BLBD traded down $0.15 during trading hours on Friday, reaching $25.40. 299 shares of the stock were exchanged, compared to its average volume of 118,780. Blue Bird has a twelve month low of $15.66 and a twelve month high of $26.95. 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 company has a market cap of $686.71 million, a P/E ratio of 20.63 and a beta of 1.12.

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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