Blue Bird (BLBD) Announces Earnings Results, Beats Estimates By $0.04 EPS

Blue Bird (NASDAQ:BLBD) announced its earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04, Fidelity Earnings reports. Blue Bird had a negative return on equity of 45.73% and a net margin of 3.02%.

Shares of Blue Bird stock opened at $18.60 on Friday. Blue Bird has a 12 month low of $15.66 and a 12 month high of $26.95. The stock has a market cap of $489.35 million, a P/E ratio of 13.02 and a beta of 1.47.

In related news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of the firm’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $28.00, for a total transaction of $27,155,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BLBD. First Trust Advisors LP raised its position in Blue Bird by 940.7% in the 2nd quarter. First Trust Advisors LP now owns 100,893 shares of the company’s stock valued at $2,255,000 after purchasing an additional 91,198 shares in the last quarter. IndexIQ Advisors LLC raised its position in Blue Bird by 8.2% in the 2nd quarter. IndexIQ Advisors LLC now owns 92,294 shares of the company’s stock valued at $2,063,000 after purchasing an additional 6,992 shares in the last quarter. Rhumbline Advisers acquired a new stake in Blue Bird in the 2nd quarter valued at about $297,000. Bank of New York Mellon Corp raised its position in Blue Bird by 19.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,926 shares of the company’s stock valued at $1,697,000 after purchasing an additional 12,452 shares in the last quarter. Finally, LSV Asset Management raised its position in Blue Bird by 4.3% in the 2nd quarter. LSV Asset Management now owns 202,933 shares of the company’s stock valued at $4,535,000 after purchasing an additional 8,400 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on BLBD shares. ValuEngine cut Blue Bird from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded Blue Bird from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Finally, Roth Capital set a $24.00 target price on Blue Bird and gave the company a “buy” rating in a report on Thursday, August 9th.

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About Blue Bird

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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Earnings History for Blue Bird (NASDAQ:BLBD)

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