Blue Bird (NASDAQ:BLBD) issued its earnings results on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03), Fidelity Earnings reports. The business had revenue of $343.53 million during the quarter, compared to the consensus estimate of $332.50 million. Blue Bird had a net margin of 2.38% and a negative return on equity of 55.30%. Blue Bird updated its FY 2020
After-Hours guidance to EPS.
Shares of NASDAQ BLBD opened at $20.47 on Friday. The firm has a market capitalization of $536.40 million, a PE ratio of 13.33 and a beta of 1.02. Blue Bird has a 1 year low of $15.67 and a 1 year high of $21.42. The firm’s 50-day moving average is $20.00 and its 200-day moving average is $19.23.
Several brokerages have recently issued reports on BLBD. Roth Capital began coverage on shares of Blue Bird in a research note on Thursday, October 10th. They issued a “buy” rating and a $23.00 target price on the stock. BidaskClub raised shares of Blue Bird from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Finally, ValuEngine lowered shares of Blue Bird from a “sell” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.00.
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane-powered, gasoline-powered, compressed natural gas-powered, and electric powered school buses.
Further Reading: Net Margin – Understanding the Different Kinds of Profit
Receive News & Ratings for Blue Bird Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Bird and related companies with MarketBeat.com's FREE daily email newsletter.