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 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.
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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