Zacks: Brokerages Expect Blue Bird Co. (BLBD) Will Announce Quarterly Sales of $320.90 Million

Analysts forecast that Blue Bird Co. (NASDAQ:BLBD) will announce sales of $320.90 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Blue Bird’s earnings, with the highest sales estimate coming in at $327.00 million and the lowest estimate coming in at $314.80 million. Blue Bird posted sales of $332.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The business is expected to announce its next quarterly earnings results on Thursday, August 2nd.

On average, analysts expect that Blue Bird will report full-year sales of $1.02 billion for the current financial year, with estimates ranging from $1.01 billion to $1.03 billion. For the next year, analysts anticipate that the firm will report sales of $1.06 billion per share. Zacks’ sales averages are a mean average based on a survey of analysts that cover Blue Bird.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.05). The company had revenue of $216.63 million for the quarter, compared to analysts’ expectations of $219.15 million. Blue Bird had a negative return on equity of 34.84% and a net margin of 2.79%.



BLBD has been the subject of a number of recent analyst reports. BidaskClub raised Blue Bird from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. ValuEngine downgraded Blue Bird from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. Stifel Nicolaus downgraded Blue Bird from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Friday, February 9th. They noted that the move was a valuation call. Finally, Roth Capital set a $26.00 price objective on Blue Bird and gave the company a “buy” rating in a research report on Thursday, February 8th.

Blue Bird stock traded down $0.30 during mid-day trading on Friday, hitting $19.20. 7,656 shares of the company were exchanged, compared to its average volume of 103,174. The company has a debt-to-equity ratio of -1.27, a quick ratio of 0.26 and a current ratio of 1.02. The company has a market capitalization of $546.74 million, a price-to-earnings ratio of 15.73, a PEG ratio of 0.92 and a beta of 1.33. Blue Bird has a 12-month low of $15.66 and a 12-month high of $24.99.

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Blue Bird by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock valued at $1,105,000 after acquiring an additional 3,747 shares during the period. LSV Asset Management grew its position in Blue Bird by 1.6% during the first quarter. LSV Asset Management now owns 194,533 shares of the company’s stock valued at $4,610,000 after acquiring an additional 3,000 shares during the period. Corbyn Investment Management Inc. MD purchased a new stake in Blue Bird during the first quarter valued at about $119,000. Quantitative Systematic Strategies LLC purchased a new stake in Blue Bird during the first quarter valued at about $291,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Blue Bird by 157.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 10,363 shares of the company’s stock worth $246,000 after purchasing an additional 6,333 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

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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