Analysts forecast that Blue Bird Corp (NASDAQ:BLBD) will announce $322.70 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Blue Bird’s earnings, with estimates ranging from $321.10 million to $324.30 million. Blue Bird posted sales of $312.69 million in the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The business is expected to announce its next earnings report after the market closes on Thursday, December 6th.

On average, analysts expect that Blue Bird will report full year sales of $1.02 billion for the current financial year, with estimates ranging from $1.01 billion to $1.02 billion. For the next year, analysts forecast that the firm will report sales of $1.05 billion, with estimates ranging from $1.05 billion to $1.06 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Blue Bird.

A number of equities analysts have commented on the company. BidaskClub cut Blue Bird from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Roth Capital set a $24.00 price target on Blue Bird and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, ValuEngine raised Blue Bird from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd.

In other Blue Bird news, major shareholder Asp Bb Holdings Llc sold 969,850 shares of Blue Bird stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $28.00, for a total value of $27,155,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Hennessy sold 8,013 shares of Blue Bird stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $22.91, for a total value of $183,577.83. Following the completion of the transaction, the director now directly owns 50,178 shares in the company, valued at $1,149,577.98. The disclosure for this sale can be found here. Insiders sold a total of 1,005,750 shares of company stock worth $27,976,317 over the last ninety days. Insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Blue Bird by 51.2% during the first quarter. BlackRock Inc. now owns 544,551 shares of the company’s stock valued at $12,905,000 after buying an additional 184,451 shares during the period. Royal Bank of Canada increased its stake in shares of Blue Bird by 16,108.6% during the first quarter. Royal Bank of Canada now owns 48,950 shares of the company’s stock valued at $1,160,000 after buying an additional 48,648 shares during the period. First Trust Advisors LP increased its stake in shares of Blue Bird by 940.7% during the second quarter. First Trust Advisors LP now owns 100,893 shares of the company’s stock valued at $2,255,000 after buying an additional 91,198 shares during the period. Swiss National Bank purchased a new position in shares of Blue Bird during the second quarter valued at approximately $467,000. Finally, Paloma Partners Management Co purchased a new position in shares of Blue Bird during the second quarter valued at approximately $599,000. 96.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Blue Bird stock opened at $19.36 on Friday. The company has a market capitalization of $515.30 million, a price-to-earnings ratio of 15.61 and a beta of 1.47. Blue Bird has a one year low of $15.66 and a one year high of $26.95.

Blue Bird Company Profile

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. The company operates through two segments, Buses and Aftermarket Parts. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation.

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