Blue Bird (BLBD) Announces Earnings Results
Blue Bird (NASDAQ:BLBD) released its quarterly earnings results on Wednesday. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01), Bloomberg Earnings reports. Blue Bird had a net margin of 2.60% and a negative return on equity of 19.49%.
Blue Bird (NASDAQ:BLBD) traded down $0.55 during midday trading on Wednesday, hitting $18.75. 43,682 shares of the stock traded hands, compared to its average volume of 65,709. Blue Bird has a 12-month low of $15.35 and a 12-month high of $21.90. The stock has a market cap of $472.56, a price-to-earnings ratio of 26.71, a P/E/G ratio of 0.83 and a beta of 1.67. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of -1.32.
In other news, Director Coliseum Capital Management, L sold 742,566 shares of the company’s stock in a transaction dated Saturday, September 23rd. The shares were sold at an average price of $18.65, for a total transaction of $13,848,855.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.70% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Blue Bird stock. California State Teachers Retirement System increased its position in Blue Bird Corporation (NASDAQ:BLBD) by 18.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,876 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. California State Teachers Retirement System owned about 0.05% of Blue Bird worth $219,000 at the end of the most recent quarter. 95.27% of the stock is owned by institutional investors.
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About Blue Bird
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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