Wall Street brokerages expect Blue Bird Corp (NASDAQ:BLBD) to report $217.80 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Blue Bird’s earnings. The highest sales estimate is $218.80 million and the lowest is $216.80 million. Blue Bird reported sales of $216.63 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The business is scheduled to announce its next earnings report on Thursday, May 9th.

On average, analysts expect that Blue Bird will report full-year sales of $1.01 billion for the current year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.03 billion, with estimates ranging from $1.02 billion to $1.03 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Blue Bird.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The company had revenue of $154.93 million during the quarter, compared to analysts’ expectations of $157.20 million. Blue Bird had a negative return on equity of 70.66% and a net margin of 3.68%.

A number of brokerages have recently commented on BLBD. ValuEngine lowered Blue Bird from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub cut Blue Bird from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Roth Capital restated a “buy” rating and set a $22.00 price objective on shares of Blue Bird in a research report on Tuesday, December 4th.

NASDAQ:BLBD traded up $0.27 on Monday, hitting $17.10. 122,297 shares of the company’s stock traded hands, compared to its average volume of 88,817. The stock has a market cap of $444.09 million, a PE ratio of 10.06 and a beta of 1.23. Blue Bird has a 1 year low of $15.67 and a 1 year high of $26.95.

Several hedge funds and other institutional investors have recently bought and sold shares of BLBD. California Public Employees Retirement System grew its position in shares of Blue Bird by 16.1% in the second quarter. California Public Employees Retirement System now owns 17,420 shares of the company’s stock valued at $389,000 after purchasing an additional 2,420 shares during the period. Northern Trust Corp lifted its holdings in shares of Blue Bird by 16.3% during the second quarter. Northern Trust Corp now owns 151,217 shares of the company’s stock worth $3,380,000 after buying an additional 21,173 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Blue Bird by 28.5% during the third quarter. First Trust Advisors LP now owns 129,662 shares of the company’s stock worth $3,177,000 after buying an additional 28,769 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Blue Bird by 447.8% during the third quarter. Meeder Asset Management Inc. now owns 9,394 shares of the company’s stock worth $230,000 after buying an additional 7,679 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its holdings in shares of Blue Bird by 12.0% during the third quarter. Stone Ridge Asset Management LLC now owns 28,702 shares of the company’s stock worth $703,000 after buying an additional 3,082 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

About Blue Bird

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.

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