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
BLBD has been the subject of a number of recent research reports. StockNews.com lowered Blue Bird from a "hold" rating to a "sell" rating in a report on Thursday. TheStreet lowered Blue Bird from a "c-" rating to a "d+" rating in a report on Monday, June 13th. Finally, DA Davidson started coverage on Blue Bird in a report on Tuesday, June 28th. They issued a "buy" rating and a $13.00 target price for the company.
Blue Bird Stock Performance
Shares of BLBD Stock traded up $0.63 during trading on Monday, hitting $12.36. The company's stock had a trading volume of 149,819 shares, compared to its average volume of 101,399. The company has a market cap of $395.41 million, a PE ratio of -26.85 and a beta of 1.16. The company has a current ratio of 1.15, a quick ratio of 0.23 and a debt-to-equity ratio of 5.20. The business has a fifty day moving average of $10.39 and a 200-day moving average of $14.99. 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 released its earnings results on Thursday, May 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.25). Blue Bird had a negative net margin of 1.97% and a negative return on equity of 6.12%. The business had revenue of $207.66 million during the quarter, compared to the consensus estimate of $155.00 million. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, research analysts anticipate that Blue Bird will post -0.93 earnings per share for the current year.