Blue Bird (BLBD) Set to Announce Earnings on Wednesday

Blue Bird (NASDAQ:BLBD) will 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.Parties that wish to register for the company’s conference call can do so using this link.

Blue Bird (NASDAQ:BLBD) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.52. The company had revenue of $317.66 million during the quarter, compared to analyst estimates of $265.00 million. Blue Bird had a net margin of 5.04% and a return on equity of 223.85%. 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 %

BLBD stock opened at $35.40 on Monday. The business has a 50 day moving average of $34.87 and a 200 day moving average of $27.89. The firm 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 twelve month low of $17.59 and a twelve month high of $39.01. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 1.72.

Analyst Ratings Changes

Several research firms have issued reports on BLBD. Roth Mkm reissued a “buy” rating and set a $40.00 price target (up previously from $35.00) on shares of Blue Bird in a report on Tuesday, April 23rd. Needham & Company LLC assumed coverage on Blue Bird in a research note on Thursday, February 29th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Barclays raised 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. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $35.42.

Insiders Place Their Bets

In related news, Director Gurminder S. Bedi sold 8,719 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $31.45, for a total transaction of $274,212.55. Following the completion of the transaction, the director now owns 18,896 shares of the company’s stock, valued at approximately $594,279.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Gurminder S. Bedi sold 8,719 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $31.45, for a total transaction of $274,212.55. Following the completion of the sale, the director now owns 18,896 shares in the company, valued at $594,279.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Britton Smith sold 6,228 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $33.49, for a total value of $208,575.72. Following the sale, the president now directly owns 87,250 shares of the company’s stock, valued at $2,922,002.50. The disclosure for this sale can be found here. Insiders have sold 4,132,597 shares of company stock valued at $135,960,973 over the last ninety days. Company insiders own 2.10% of the company’s stock.

About Blue Bird

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.