During the last session, Blue Bird Corp (NASDAQ:BLBD)’s traded shares were 0.62 million, with the beta value of the company hitting 1.57. At the end of the trading day, the stock’s price was $43.71, reflecting an intraday gain of 3.70% or $1.56. The 52-week high for the BLBD share is $59.40, that puts it down -35.9 from that peak though still a striking 45.64% gain since the share price plummeted to a 52-week low of $23.76. The company’s market capitalization is $1.41B, and the average intraday trading volume over the past 10 days was 0.69 million shares, and the average trade volume was 802.01K shares over the past three months.
Blue Bird Corp (BLBD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.38. BLBD has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.81.
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Blue Bird Corp (NASDAQ:BLBD) trade information
Blue Bird Corp (BLBD) registered a 3.70% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.70% in intraday trading to $43.71, hitting a weekly high. The stock’s 5-day price performance is 9.11%, and it has moved by 5.40% in 30 days. Based on these gigs, the overall price performance for the year is 70.01%. The short interest in Blue Bird Corp (NASDAQ:BLBD) is 3.42 million shares and it means that shorts have 4.82 day(s) to cover.
The consensus price target of analysts on Wall Street is $66, which implies an increase of 33.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $48 and $66 respectively. As a result, BLBD is trading at a discount of -51.0% off the target high and -9.81% off the low.
Blue Bird Corp (BLBD) estimates and forecasts
Statistics show that Blue Bird Corp has outperformed its competitors in share price, compared to the industry in which it operates. Blue Bird Corp (BLBD) shares have gone down -21.65% during the last six months, with a year-to-date growth rate more than the industry average at 12.14% against -10.90. In the rating firms’ projections, revenue will increase 8.32% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 308.31M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 358.77M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 317.66M and 345.92M respectively. In this case, analysts expect current quarter sales to shrink by -2.94% and then jump by 3.72% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 28.64%. While earnings are projected to return 11.81% in 2024, the next five years will return 12.76% per annum.
BLBD Dividends
Blue Bird Corp is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Blue Bird Corp (NASDAQ:BLBD)’s Major holders
Blue Bird Corp insiders own 0.66% of total outstanding shares while institutional holders control 96.81%, with the float percentage being 97.45%. BLACKROCK INC. is the largest shareholder of the company, while 351.0 institutions own stock in it. As of 2024-06-30, the company held over 2.39 million shares (or 7.4219% of all shares), a total value of $128.86 million in shares.
The next largest institutional holding, with 2.17 million shares, is of VANGUARD GROUP INC’s that is approximately 6.7394% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $117.01 million.
