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.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on BLBD. StockNews.com downgraded shares of Blue Bird from a "hold" rating to a "sell" rating in a research note on Thursday, August 4th. DA Davidson began coverage on shares of Blue Bird in a research note on Tuesday, June 28th. They set a "buy" rating and a $13.00 price target on the stock. Finally, TheStreet downgraded shares of Blue Bird from a "c-" rating to a "d+" rating in a research note on Monday, June 13th.
Blue Bird Price Performance
Blue Bird stock traded up $0.34 during midday trading on Monday, reaching $12.75. 51,035 shares of the stock traded hands, compared to its average volume of 100,514. The company has a current ratio of 1.43, a quick ratio of 0.26 and a debt-to-equity ratio of 9.03. The firm has a fifty day moving average price of $10.36 and a two-hundred day moving average price of $14.90. Blue Bird has a fifty-two week low of $8.41 and a fifty-two week high of $25.75.
Blue Bird (NASDAQ:BLBD - Get Rating) last posted its earnings results on Wednesday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). Blue Bird had a negative net margin of 3.41% and a negative return on equity of 132.71%. During the same quarter last year, the business earned $0.18 EPS. As a group, research analysts expect that Blue Bird will post -0.93 earnings per share for the current year.