Blue Bird (NASDAQ:BLBD) Announces Earnings Results, Beats Estimates By $0.13 EPS

Blue Bird (NASDAQ:BLBD) announced its quarterly earnings data on Wednesday. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.13, FiscalAI reports. Blue Bird had a net margin of 8.65% and a return on equity of 57.60%. The business had revenue of $352.64 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year.

Here are the key takeaways from Blue Bird’s conference call:

• Beat guidance for the 14th consecutive quarter—Q2 record $51 million Adjusted EBITDA, record free cash flow of $40 million, $353M revenue, and 2,148 buses sold.
• Backlog stands at roughly 3,600 units including over 900 EVs (912), alt‑power was 41% of Q2 mix and the company raised its EV target to 900 for the year, supporting continued EV demand into 2027.
• Closed acquisition of the remaining 50% of the Micro Bird JV—adds two plants, ~950 employees, integrated EV powertrain tech and Buy America shuttle access, expanding total addressable market by ~78% and increasing FY revenue/EBITDA guidance after consolidation.
• DOE reconfirmed an $80 million MESC grant$300 million new ~1M sq ft Type C plant (production targeted CY Q4 2028) to enable automation, Industry 3.0/4.0 efficiency gains and long‑term capacity.
• Administrative policy and tariff volatility (including Section 232 impacts) remain a material risk—management says it is targeting a margin‑neutral outcome, but continued policy uncertainty could pressure costs or timing.

Blue Bird Price Performance

Shares of NASDAQ:BLBD traded up $1.65 on Wednesday, reaching $65.04. The company’s stock had a trading volume of 588,577 shares, compared to its average volume of 343,467. Blue Bird has a 52-week low of $36.01 and a 52-week high of $66.13. The company has a market cap of $2.05 billion, a P/E ratio of 16.42, a PEG ratio of 2.36 and a beta of 1.38. The company has a 50-day simple moving average of $58.92 and a 200 day simple moving average of $54.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.81.

Insiders Place Their Bets

In related news, CFO Razvan Radulescu sold 3,925 shares of Blue Bird stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $60.98, for a total transaction of $239,346.50. Following the completion of the sale, the chief financial officer owned 42,255 shares in the company, valued at $2,576,709.90. This trade represents a 8.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey Scott Sanfrey sold 5,192 shares of Blue Bird stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $58.54, for a total transaction of $303,939.68. Following the sale, the chief operating officer owned 39,011 shares of the company’s stock, valued at $2,283,703.94. The trade was a 11.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Blue Bird

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLBD. Caitong International Asset Management Co. Ltd raised its stake in shares of Blue Bird by 10,028.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company’s stock worth $41,000 after acquiring an additional 702 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in Blue Bird by 222.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 823 shares of the company’s stock worth $39,000 after purchasing an additional 568 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Blue Bird during the 4th quarter worth approximately $41,000. Larson Financial Group LLC boosted its holdings in shares of Blue Bird by 1,742.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,308 shares of the company’s stock valued at $75,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Blue Bird in the 4th quarter valued at $63,000. Institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BLBD. BTIG Research restated a “buy” rating and issued a $65.00 target price on shares of Blue Bird in a report on Thursday, February 5th. Needham & Company LLC increased their price target on shares of Blue Bird from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Barclays increased their price target on shares of Blue Bird from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of Blue Bird from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Zacks Research downgraded shares of Blue Bird from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Blue Bird has a consensus rating of “Moderate Buy” and an average price target of $67.20.

About Blue Bird

Blue Bird Corporation (NASDAQ: BLBD) is a leading manufacturer of buses and mass transportation vehicles headquartered in Fort Valley, Georgia. The company’s core business encompasses the design, engineering, and production of school buses and activity buses, with a product lineup that includes conventional (Type C) models, transit-style (Type D) models and specialty configurations for special-needs and activity transport. In recent years, Blue Bird has expanded its offerings to include zero-emission electric school buses, reflecting its commitment to advanced propulsion technologies and environmental sustainability.

Established in 1927, Blue Bird has built a legacy of safety and reliability in student transportation.