DA Davidson Issues Positive Forecast for Blue Bird Earnings

Blue Bird Corporation (NASDAQ:BLBD) – DA Davidson boosted their FY2026 earnings per share (EPS) estimates for Blue Bird in a research note issued on Wednesday, November 26th. DA Davidson analyst M. Shlisky now anticipates that the company will earn $4.22 per share for the year, up from their prior forecast of $4.09. DA Davidson has a “Buy” rating and a $76.00 price objective on the stock. The consensus estimate for Blue Bird’s current full-year earnings is $3.86 per share.

A number of other analysts have also recently weighed in on BLBD. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Blue Bird in a research report on Tuesday, November 25th. UBS Group reissued a “buy” rating on shares of Blue Bird in a report on Monday, November 3rd. Zacks Research lowered Blue Bird from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Blue Bird from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Bank of America lifted their target price on shares of Blue Bird from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

Blue Bird Trading Down 3.2%

NASDAQ BLBD opened at $50.53 on Monday. The company has a 50 day moving average price of $53.66 and a 200 day moving average price of $49.87. The firm has a market cap of $1.60 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.42. The company has a quick ratio of 1.15, a current ratio of 1.74 and a debt-to-equity ratio of 0.33. Blue Bird has a 52 week low of $30.04 and a 52 week high of $61.95.

Blue Bird (NASDAQ:BLBD) last released its quarterly earnings results on Monday, November 24th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.97 by $0.35. Blue Bird had a return on equity of 62.87% and a net margin of 8.63%.The firm had revenue of $409.37 million during the quarter, compared to analyst estimates of $380.37 million. During the same period in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Blue Bird has set its FY 2026 guidance at EPS.

Hedge Funds Weigh In On Blue Bird

Several institutional investors and hedge funds have recently modified their holdings of BLBD. Cetera Investment Advisers purchased a new position in Blue Bird during the first quarter valued at approximately $341,000. Banque Cantonale Vaudoise acquired a new position in Blue Bird in the 1st quarter worth about $173,000. Vestcor Inc raised its holdings in Blue Bird by 9.0% in the 1st quarter. Vestcor Inc now owns 14,721 shares of the company’s stock worth $477,000 after purchasing an additional 1,216 shares during the period. US Bancorp DE boosted its position in Blue Bird by 440.1% during the first quarter. US Bancorp DE now owns 1,442 shares of the company’s stock worth $47,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Blue Bird in the first quarter valued at approximately $352,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.