The price of Blue Bird Corp (NASDAQ:BLBD) shares last traded on Wall Street rose 1.72% to $54.54.
BLBD stock price is now 39.52% away from the 50-day moving average and 98.18% away from the 200-day moving average. The market capitalization of the company currently stands at $1.76B.
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With the price target of $44, Needham recently initiated with Buy rating for Blue Bird Corp (NASDAQ: BLBD). On September 11, 2023, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $25, while ‘R. F. Lafferty’ rates the stock as ‘Buy’
In other news, Smith Britton, President sold 6,228 shares of the company’s stock on Feb 29 ’24. The stock was sold for $208,607 at an average price of $33.49. Upon completion of the transaction, the President now directly owns 87,250 shares in the company, valued at $4.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Chief Financial Officer Radulescu Razvan sold 15,662 shares of the business’s stock. A total of $477,534 was realized by selling the stock at an average price of $30.49. This leaves the insider owning 97,362 shares of the company worth $5.31 million. A total of 1.97% of the company’s stock is owned by insiders.
During the past 12 months, Blue Bird Corp has had a low of $17.59 and a high of $56.41. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.23, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $1767095040, which is based on a 22.21 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 1.59. The fifty day moving average price for BLBD is $39.5416 and a two-hundred day moving average price translates $27.689125 for the stock.
The latest earnings results from Blue Bird Corp (NASDAQ: BLBD) was released for 2024-03-30. According to the Auto Manufacturers Company, earnings per share came in at 0.44, beating analysts’ expectations of 0.25 by 0.19. This compares to $0.22 EPS in the same period last year. The net profit margin was 6.36% and return on equity was 153.15% for BLBD. The company reported revenue of $345.92 million for the quarter, compared to $299.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.38 percent. For the current quarter, analysts expect BLBD to generate $328.6M in revenue.
