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 Ratings Changes
Several equities research analysts have weighed in on BLBD shares. Craig Hallum lowered their price target on Blue Bird to $18.00 in a report on Monday. StockNews.com downgraded shares of Blue Bird from a "hold" rating to a "sell" rating in a research report on Thursday, August 4th. TheStreet lowered shares of Blue Bird from a "c-" rating to a "d+" rating in a report on Monday, June 13th. Finally, DA Davidson raised their target price on Blue Bird to $13.50 in a research note on Monday.
Blue Bird Stock Performance
BLBD traded down $0.23 during trading on Thursday, reaching $12.28. 147 shares of the company's stock were exchanged, compared to its average volume of 68,663. The company has a debt-to-equity ratio of 9.03, a current ratio of 1.43 and a quick ratio of 0.26. Blue Bird has a 1 year low of $8.41 and a 1 year high of $25.75. The company's fifty day simple moving average is $10.38 and its 200-day simple moving average is $14.85. The stock has a market capitalization of $393.33 million, a P/E ratio of -15.11 and a beta of 1.16.
Blue Bird (NASDAQ:BLBD - Get Rating) last issued its earnings results on Wednesday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). Blue Bird had a negative return on equity of 132.71% and a negative net margin of 3.41%. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, research analysts predict that Blue Bird will post -0.93 earnings per share for the current fiscal year.