Q1 Earnings Estimate for Blue Bird Issued By DA Davidson

Blue Bird Co. (NASDAQ:BLBD - Free Report) - Analysts at DA Davidson issued their Q1 2025 EPS estimates for Blue Bird in a research report issued on Wednesday, November 27th. DA Davidson analyst M. Shlisky forecasts that the company will earn $0.88 per share for the quarter. DA Davidson has a "Buy" rating and a $67.00 price objective on the stock. The consensus estimate for Blue Bird's current full-year earnings is $3.77 per share. DA Davidson also issued estimates for Blue Bird's FY2025 earnings at $4.29 EPS.

BLBD has been the topic of several other research reports. Barclays upped their price target on shares of Blue Bird from $43.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 9th. Roth Mkm downgraded Blue Bird from a "buy" rating to a "neutral" rating and set a $48.00 price target for the company. in a research report on Thursday, October 3rd. Craig Hallum upped 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. Needham & Company LLC reiterated a "buy" rating and set a $66.00 target price on shares of Blue Bird in a research report on Tuesday, November 26th. Finally, Roth Capital cut shares of Blue Bird from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.64.

Blue Bird Stock Performance

Shares of Blue Bird stock traded up $1.87 during trading hours on Monday, reaching $42.52. The company had a trading volume of 866,871 shares, compared to its average volume of 622,783. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 0.66. Blue Bird has a one year low of $19.30 and a one year high of $59.40. The firm has a market cap of $1.37 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62. The business has a fifty day simple moving average of $43.23 and a 200 day simple moving average of $48.48.

Insider Activity at Blue Bird

In other Blue Bird news, President Britton Smith sold 2,508 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.81, for a total transaction of $124,923.48. Following the completion of the sale, the president now owns 80,617 shares of the company's stock, valued at $4,015,532.77. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blue Bird

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Blue Bird by 36.0% during the 1st quarter. Vanguard Group Inc. now owns 1,911,645 shares of the company's stock valued at $73,292,000 after purchasing an additional 505,727 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Blue Bird during the first quarter valued at approximately $145,000. California State Teachers Retirement System raised its holdings in shares of Blue Bird by 23.7% during the first quarter. California State Teachers Retirement System now owns 31,742 shares of the company's stock valued at $1,217,000 after acquiring an additional 6,088 shares in the last quarter. Comerica Bank lifted its stake in Blue Bird by 185.8% in the first quarter. Comerica Bank now owns 11,951 shares of the company's stock worth $458,000 after acquiring an additional 7,770 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in Blue Bird in the first quarter worth $527,000. 93.59% of the stock is owned by institutional investors.

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.