Equities analysts expect Blue Bird Co. (NASDAQ:BLBD) to post $0.22 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Blue Bird’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.20. Blue Bird posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year over year growth rate of 214.3%. The firm is expected to announce its next quarterly earnings report on Thursday, May 10th.

According to Zacks, analysts expect that Blue Bird will report full year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.57 to $1.72. For the next fiscal year, analysts anticipate that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.80 to $2.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Blue Bird.

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Blue Bird (NASDAQ:BLBD) last released its earnings results on Wednesday, February 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). Blue Bird had a negative return on equity of 32.04% and a net margin of 2.90%. The company had revenue of $162.55 million during the quarter, compared to analysts’ expectations of $147.65 million.

BLBD has been the topic of several analyst reports. BidaskClub upgraded shares of Blue Bird from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Roth Capital set a $26.00 price target on shares of Blue Bird and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lowered shares of Blue Bird from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Friday, February 9th. They noted that the move was a valuation call.

Institutional investors and hedge funds have recently made changes to their positions in the company. OxFORD Asset Management LLP acquired a new position in shares of Blue Bird during the 3rd quarter worth $385,000. Algert Global LLC acquired a new position in Blue Bird in the 3rd quarter valued at $252,000. Dimensional Fund Advisors LP grew its stake in Blue Bird by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock valued at $1,105,000 after buying an additional 3,747 shares during the last quarter. Wells Fargo & Company MN grew its stake in Blue Bird by 34.0% in the 3rd quarter. Wells Fargo & Company MN now owns 88,787 shares of the company’s stock valued at $1,830,000 after buying an additional 22,533 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Blue Bird in the 3rd quarter valued at $233,000. Institutional investors own 96.18% of the company’s stock.

Shares of BLBD opened at $24.40 on Friday. Blue Bird has a 12 month low of $15.66 and a 12 month high of $24.50. The firm has a market cap of $577.97, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The company has a current ratio of 1.11, a quick ratio of 0.38 and a debt-to-equity ratio of -1.34.

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Blue Bird Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.

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