Blue Bird Corp (NASDAQ:BLBD) has a beta value of 1.60 and has seen 1.05 million shares traded in the recent trading session. The company, currently valued at $1.35B, closed the recent trade at $41.77 per share which meant it lost -$1.06 on the day or -2.47% during that session. The BLBD stock price is -42.21% off its 52-week high price of $59.40 and 57.41% above the 52-week low of $17.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.93 million shares traded. The 3-month trading volume is 734.13K shares.
The consensus among analysts is that Blue Bird Corp (BLBD) is Buy stock at the moment, with a recommendation rating of 1.38. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.81.
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Blue Bird Corp (NASDAQ:BLBD) trade information
Sporting -2.47% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BLBD stock price touched $41.77 or saw a rise of 5.05%. Year-to-date, Blue Bird Corp shares have moved 54.93%, while the 5-day performance has seen it change 10.91%. Over the past 30 days, the shares of Blue Bird Corp (NASDAQ:BLBD) have changed -1.63%. Short interest in the company has seen 3.42 million shares shorted with days to cover at 4.82.
Wall Street analysts have a consensus price target for the stock at $65.5, which means that the shares’ value could jump 36.23% from the levels at last check today. The projected low price target is $43.0 while the price target rests at a high of $66.0. In that case, then, we find that the latest price level in today’s session is -58.01% off the targeted high while a plunge would see the stock gain -2.94% from the levels at last check today.
Blue Bird Corp (BLBD) estimates and forecasts
Figures show that Blue Bird Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -24.36% over the past 6 months, with this year growth rate of 6.94%, compared to -12.30% for the industry. Revenue growth from the last financial year stood is estimated to be 8.54%.
5 analysts offering their estimates for the company have set an average revenue estimate of 311M for the current quarter. 5 have an estimated revenue figure of 359.18M for the next ending quarter. Year-ago sales stood 317.66M and 345.92M respectively for this quarter and the next, and analysts expect sales will shrink by -2.10% for the current quarter and 8.54% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.64% over the past 5 years. Earnings growth for 2024 is a modest 8.16% while over the next 5 years, the company’s earnings are expected to increase by 58.86%.
BLBD Dividends
Blue Bird Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Blue Bird Corp (NASDAQ:BLBD)’s Major holders
Insiders own 0.66% of the company shares, while shares held by institutions stand at 96.81% with a share float percentage of 97.45%. Investors are also buoyed by the number of investors in a company, with Blue Bird Corp having a total of 351.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 2.39 million shares worth more than $128.86 million. As of 2024-06-30, BLACKROCK INC. held 7.4219% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.17 million shares as of 2024-06-30. The firm’s total holdings are worth over $117.01 million and represent 6.7394% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Small Cap Value Fund. As of Jun 30, 2024, the former fund manager holds about 3.15% shares in the company for having 1.02 shares of worth $42.63 million while later fund manager owns 856.1 shares of worth $35.81 million as of Aug 31, 2024, which makes it owner of about 2.65% of company’s outstanding stock.
