Blue Bird (NASDAQ:BLBD - Get Free Report) posted its earnings results on Wednesday. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03, Zacks reports. Blue Bird had a net margin of 8.05% and a return on equity of 75.22%. Blue Bird updated its FY 2025 guidance to EPS.
Blue Bird Price Performance
BLBD traded up $0.78 during trading on Friday, reaching $38.01. The stock had a trading volume of 723,395 shares, compared to its average volume of 798,980. The business has a 50-day moving average of $39.94 and a 200-day moving average of $43.86. Blue Bird has a one year low of $29.00 and a one year high of $59.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 1.44. The stock has a market cap of $1.22 billion, a PE ratio of 11.77, a PEG ratio of 0.94 and a beta of 1.56.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC lowered their price target on shares of Blue Bird from $66.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday. Bank of America lowered their target price on shares of Blue Bird from $66.00 to $63.50 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Craig Hallum boosted their price target on shares of Blue Bird from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded Blue Bird from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Blue Bird presently has a consensus rating of "Moderate Buy" and an average target price of $58.21.
Get Our Latest Research Report on Blue Bird
Insiders Place Their Bets
In other Blue Bird news, CFO Razvan Radulescu sold 19,171 shares of Blue Bird stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 89,347 shares of the company's stock, valued at approximately $3,832,092.83. This trade represents a 17.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.
About Blue Bird
(
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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.
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