FY2025 Earnings Forecast for Blue Bird Issued By DA Davidson

Blue Bird Co. (NASDAQ:BLBD - Free Report) - Stock analysts at DA Davidson boosted their FY2025 EPS estimates for shares of Blue Bird in a note issued to investors on Friday, February 7th. DA Davidson analyst M. Shlisky now expects that the company will earn $4.33 per share for the year, up from their prior forecast of $4.29. The consensus estimate for Blue Bird's current full-year earnings is $3.77 per share.

Other research analysts have also issued reports about the stock. Bank of America lowered their price objective 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. Needham & Company LLC reduced 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, February 6th. StockNews.com upgraded Blue Bird from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Finally, Craig Hallum lifted their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the stock 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.21.

Blue Bird Stock Up 1.5 %

BLBD traded up $0.52 during trading on Monday, reaching $36.21. 440,210 shares of the stock were exchanged, compared to its average volume of 777,876. 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's 50 day moving average price is $39.65 and its two-hundred day moving average price is $43.58. Blue Bird has a twelve month low of $29.78 and a twelve month high of $59.40. The stock has a market cap of $1.16 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 0.94 and a beta of 1.56.

Blue Bird (NASDAQ:BLBD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Blue Bird had a return on equity of 75.22% and a net margin of 8.05%.

Insider Buying and Selling at Blue Bird

In other news, CFO Razvan Radulescu sold 2,848 shares of Blue Bird stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $38.12, for a total value of $108,565.76. Following the completion of the sale, the chief financial officer now directly owns 88,664 shares in the company, valued at approximately $3,379,871.68. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Blue Bird

A number of hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in shares of Blue Bird during the 3rd quarter worth $26,000. Truvestments Capital LLC bought a new position in Blue Bird in the 3rd quarter valued at about $35,000. Private Trust Co. NA acquired a new position in shares of Blue Bird in the 3rd quarter valued at approximately $38,000. nVerses Capital LLC bought a new stake in shares of Blue Bird during the 3rd quarter worth approximately $53,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Blue Bird during the 3rd quarter worth approximately $56,000. Institutional investors own 93.59% of the company's stock.

Blue Bird Company Profile

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.