Blue Bird (NASDAQ:BLBD) Issues Quarterly Earnings Results

Blue Bird (NASDAQ:BLBD) issued its earnings results on Wednesday. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03, Zacks reports. Blue Bird had a net margin of 7.83% and a return on equity of 91.12%. Blue Bird updated its FY 2025 guidance to EPS.

Blue Bird Stock Down 1.2 %

Shares of NASDAQ BLBD opened at $35.73 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $40.16 and a 200-day moving average of $44.12. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.90 and a beta of 1.56. Blue Bird has a 12 month low of $29.00 and a 12 month high of $59.40.

Analyst Upgrades and Downgrades

BLBD has been the subject of several analyst reports. StockNews.com raised shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Bank of America reduced their price target on Blue Bird from $66.00 to $63.50 and set a “buy” rating for the company in a research report on Tuesday, November 26th. BTIG Research started coverage on Blue Bird in a report on Wednesday, October 9th. They set a “buy” rating and a $55.00 price objective on the stock. Needham & Company LLC cut their target price on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Craig Hallum upped their price target on Blue Bird from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Bird currently has a consensus rating of “Moderate Buy” and an average price target of $58.21.

Insider Transactions at Blue Bird

In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.89, for a total transaction of $822,244.19. Following the completion of the sale, the chief financial officer now owns 89,347 shares of the company’s stock, valued at $3,832,092.83. This represents a 17.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% 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.