Blue Bird Corporation (BLBD) Earns Daily Media Sentiment Rating of 0.03

Headlines about Blue Bird Corporation (NASDAQ:BLBD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Blue Bird Corporation earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.7131650787834 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Blue Bird Corporation (BLBD) opened at 21.15 on Tuesday. The firm has a market cap of $512.53 million, a PE ratio of 24.17 and a beta of 1.80. Blue Bird Corporation has a 52-week low of $13.85 and a 52-week high of $21.45. The firm’s 50-day moving average price is $19.24 and its 200 day moving average price is $18.21.

Blue Bird Corporation (NASDAQ:BLBD) last released its earnings results on Thursday, August 3rd. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The business had revenue of $332.60 million during the quarter, compared to the consensus estimate of $324.13 million. Blue Bird Corporation had a net margin of 2.60% and a negative return on equity of 19.49%. On average, equities analysts anticipate that Blue Bird Corporation will post $1.17 earnings per share for the current year.

Blue Bird Corporation announced that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 11.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Separately, Roth Capital set a $22.00 price objective on Blue Bird Corporation and gave the company a “buy” rating in a research note on Monday, August 7th.

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In other Blue Bird Corporation news, Director Coliseum Capital Management, L sold 742,566 shares of the stock in a transaction on Saturday, September 23rd. The shares were sold at an average price of $18.65, for a total value of $13,848,855.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.70% of the company’s stock.

Blue Bird Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Blue Bird Corporation (NASDAQ:BLBD)

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