Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Blue Bird Corporation (BLBD) Share Price
Media headlines about Blue Bird Corporation (NASDAQ:BLBD) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blue Bird Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.3442864671564 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Blue Bird Corporation (BLBD) opened at 18.20 on Friday. Blue Bird Corporation has a 52 week low of $12.87 and a 52 week high of $19.60. The stock has a 50 day moving average price of $17.76 and a 200 day moving average price of $17.63. The stock has a market capitalization of $441.04 million, a PE ratio of 20.80 and a beta of 1.76.
Blue Bird Corporation (NASDAQ:BLBD) last posted its earnings results on Thursday, August 3rd. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. Blue Bird Corporation had a negative return on equity of 19.49% and a net margin of 2.60%. The business had revenue of $332.60 million during the quarter, compared to the consensus estimate of $324.13 million. Equities analysts forecast that Blue Bird Corporation will post $1.15 EPS for the current year.
Blue Bird Corporation announced that its board has authorized a stock buyback plan on Thursday, August 3rd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 11.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
Several research analysts have recently issued reports on BLBD shares. Roth Capital set a $22.00 price objective on Blue Bird Corporation and gave the stock a “buy” rating in a research note on Monday, August 7th. Stifel Nicolaus raised their price objective on Blue Bird Corporation from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, May 12th.
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In other news, Director Coliseum Capital Management, L sold 219,680 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $18.00, for a total value of $3,954,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.70% of the stock is currently owned by insiders.
About Blue Bird Corporation
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and aftermarket parts in the United States, Canada, and internationally. It offers Type C, Type D, and specialty buses, as well as Sigma, a bus for public transportation. The company sells its products through a network of dealers, as well as directly to fleet operators, the United States government, and state governments.
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