Equities analysts forecast that Blue Bird Corp (NASDAQ:BLBD) will announce $0.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Blue Bird’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. Blue Bird posted earnings per share of $0.51 in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is expected to announce its next earnings report on Wednesday, December 5th.

On average, analysts expect that Blue Bird will report full year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.64 to $1.65. For the next fiscal year, analysts expect that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.80 to $1.85. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Blue Bird.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.26. Blue Bird had a net margin of 3.02% and a negative return on equity of 45.73%. The company had revenue of $314.19 million during the quarter, compared to analyst estimates of $320.90 million.

BLBD has been the subject of a number of research reports. BidaskClub raised shares of Blue Bird from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine raised shares of Blue Bird from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Finally, Roth Capital set a $24.00 price objective on shares of Blue Bird and gave the stock a “buy” rating in a research note on Thursday, August 9th.

NASDAQ:BLBD opened at $25.65 on Friday. Blue Bird has a 1-year low of $15.66 and a 1-year high of $26.95. The stock has a market capitalization of $688.62 million, a P/E ratio of 20.81 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of -2.56.

In other Blue Bird news, Director Daniel J. Hennessy sold 8,013 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $22.91, for a total value of $183,577.83. Following the completion of the transaction, the director now directly owns 50,178 shares in the company, valued at $1,149,577.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Hennessy sold 27,887 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $22.84, for a total transaction of $636,939.08. Following the completion of the transaction, the director now owns 5,053 shares of the company’s stock, valued at $115,410.52. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp raised its holdings in Blue Bird by 16.3% in the second quarter. Northern Trust Corp now owns 151,217 shares of the company’s stock worth $3,380,000 after purchasing an additional 21,173 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Blue Bird by 19.6% in the second quarter. Bank of New York Mellon Corp now owns 75,926 shares of the company’s stock worth $1,697,000 after purchasing an additional 12,452 shares in the last quarter. California Public Employees Retirement System raised its holdings in Blue Bird by 16.1% in the second quarter. California Public Employees Retirement System now owns 17,420 shares of the company’s stock worth $389,000 after purchasing an additional 2,420 shares in the last quarter. Paloma Partners Management Co bought a new position in Blue Bird in the second quarter worth about $599,000. Finally, Wills Financial Group Inc. bought a new position in Blue Bird in the second quarter worth about $354,000. Institutional investors and hedge funds own 96.92% of the company’s stock.

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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