$147.65 Million in Sales Expected for Blue Bird Corporation (BLBD) This Quarter

Brokerages forecast that Blue Bird Corporation (NASDAQ:BLBD) will post $147.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Blue Bird’s earnings, with the highest sales estimate coming in at $149.30 million and the lowest estimate coming in at $146.00 million. Blue Bird reported sales of $136.66 million in the same quarter last year, which would suggest a positive year over year growth rate of 8%. The company is scheduled to report its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Blue Bird will report full-year sales of $147.65 million for the current financial year. For the next fiscal year, analysts forecast that the business will report sales of $1.04 billion per share, with estimates ranging from $1.03 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Blue Bird.

A number of research firms have issued reports on BLBD. BidaskClub lowered shares of Blue Bird from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Blue Bird from a “hold” rating to a “buy” rating in a report on Sunday.

Shares of Blue Bird (BLBD) opened at $19.10 on Thursday. The stock has a market cap of $461.31, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 0.81 and a beta of 1.67. Blue Bird has a fifty-two week low of $15.45 and a fifty-two week high of $21.90. The company has a current ratio of 1.16, a quick ratio of 0.61 and a debt-to-equity ratio of -1.45.

Institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA lifted its holdings in Blue Bird by 82.1% during the 2nd quarter. Federated Investors Inc. PA now owns 6,143 shares of the company’s stock worth $104,000 after buying an additional 2,770 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in Blue Bird during the 3rd quarter worth approximately $215,000. New York State Common Retirement Fund lifted its holdings in Blue Bird by 128.2% during the 2nd quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock worth $179,000 after buying an additional 5,899 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Blue Bird during the 2nd quarter worth approximately $192,000. Finally, Citadel Advisors LLC acquired a new stake in Blue Bird during the 3rd quarter worth approximately $233,000. Institutional investors own 94.76% of the company’s stock.

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Blue Bird Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.

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