Blue Bird (NASDAQ:BLBD) Issues Quarterly Earnings Results

Blue Bird (NASDAQ:BLBD) posted its earnings results on Monday. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.35, FiscalAI reports. The firm had revenue of $409.37 million during the quarter, compared to analyst estimates of $380.37 million. Blue Bird had a net margin of 8.16% and a return on equity of 61.66%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Blue Bird updated its FY 2026 guidance to EPS.

Blue Bird Price Performance

Shares of BLBD opened at $54.86 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39. Blue Bird has a 52 week low of $30.04 and a 52 week high of $61.95. The stock has a 50 day moving average of $54.40 and a 200-day moving average of $49.44. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.47 and a beta of 1.62.

Insider Activity at Blue Bird

In other news, CFO Razvan Radulescu sold 6,709 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $57.41, for a total transaction of $385,163.69. Following the transaction, the chief financial officer directly owned 40,794 shares of the company’s stock, valued at approximately $2,341,983.54. This trade represents a 14.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phil Horlock sold 13,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $59.02, for a total transaction of $767,260.00. Following the completion of the sale, the director owned 240,766 shares in the company, valued at approximately $14,210,009.32. This trade represents a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blue Bird

Several hedge funds have recently made changes to their positions in BLBD. Vident Advisory LLC bought a new position in shares of Blue Bird in the third quarter valued at approximately $2,621,000. Squarepoint Ops LLC raised its holdings in Blue Bird by 98.0% during the 3rd quarter. Squarepoint Ops LLC now owns 97,344 shares of the company’s stock worth $5,602,000 after purchasing an additional 48,179 shares during the last quarter. Comerica Bank grew its position in shares of Blue Bird by 22.1% during the 3rd quarter. Comerica Bank now owns 15,492 shares of the company’s stock worth $892,000 after buying an additional 2,806 shares during the period. Invesco Ltd. grew its holdings in Blue Bird by 266.6% during the 3rd quarter. Invesco Ltd. now owns 208,981 shares of the company’s stock worth $12,027,000 after acquiring an additional 151,976 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Blue Bird by 43.2% during the third quarter. BNP Paribas Financial Markets now owns 363,010 shares of the company’s stock worth $20,891,000 after buying an additional 109,449 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BLBD shares. Wall Street Zen upgraded Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. DA Davidson reaffirmed a “buy” rating and issued a $70.00 target price on shares of Blue Bird in a report on Thursday, November 20th. Zacks Research downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating on shares of Blue Bird in a report on Monday, November 3rd. Finally, BTIG Research lifted their price target on Blue Bird from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Bird has a consensus rating of “Moderate Buy” and an average target price of $64.92.

About Blue Bird

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines.