Blue Bird (NASDAQ:BLBD) Releases Earnings Results, Beats Estimates By $0.03 EPS

Blue Bird (NASDAQ:BLBD) released its earnings results on Wednesday. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03, Zacks reports. Blue Bird had a return on equity of 91.12% and a net margin of 7.83%. Blue Bird updated its FY 2025 guidance to EPS.

Blue Bird Stock Performance

NASDAQ BLBD opened at $37.23 on Friday. The firm has a market cap of $1.20 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.90 and a beta of 1.56. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $40.06 and its 200-day moving average is $44.06. Blue Bird has a 12-month low of $29.00 and a 12-month high of $59.40.

Analyst Ratings Changes

BLBD has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their price objective on Blue Bird from $66.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Craig Hallum raised their price objective on shares of Blue Bird from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America dropped 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.21.

Insider Buying and Selling

In related news, CFO Razvan Radulescu sold 19,171 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.89, for a total transaction of $822,244.19. Following the sale, the chief financial officer now owns 89,347 shares of the company’s stock, valued at approximately $3,832,092.83. This represents a 17.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

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.