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. Blue Bird Corporation sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments; and maintains a parts distribution center. Blue Bird Corporation was formerly known as Hennessy Capital Acquisition Corp. The company was founded in 1927 and is headquartered in Macon, Georgia.
Blue Bird Price Performance
Shares of BLBD opened at $11.73 on Friday. The stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $14.99. The company has a quick ratio of 0.23, a current ratio of 1.15 and a debt-to-equity ratio of 5.20. Blue Bird has a 52-week low of $8.41 and a 52-week high of $25.87.
Blue Bird (NASDAQ:BLBD - Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.25). The business had revenue of $207.66 million during the quarter, compared to analyst estimates of $155.00 million. Blue Bird had a negative net margin of 1.97% and a negative return on equity of 6.12%. During the same period last year, the company earned $0.03 earnings per share. Equities analysts predict that Blue Bird will post -0.93 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on BLBD shares. StockNews.com downgraded Blue Bird from a "hold" rating to a "sell" rating in a research report on Thursday. DA Davidson started coverage on Blue Bird in a research report on Tuesday, June 28th. They set a "buy" rating and a $13.00 price objective for the company. Finally, TheStreet downgraded Blue Bird from a "c-" rating to a "d+" rating in a research report on Monday, June 13th.