BLBD stock touches 52-week low at $31 amid market shifts

Blue Bird Corporation (NASDAQ:BLBD), renowned for its production of school buses, has recently marked a 52-week low, with its stock price descending to $31, representing a steep 47% decline from its 52-week high of $59.40. According to InvestingPro analysis, this downturn reflects a challenging period for the company within a volatile market environment, though the company maintains strong financial health with a robust current ratio of 1.44 and more cash than debt on its balance sheet. Over the past year, the stock has experienced a decline, with recent data showing a 1-year return of -3.26%. This decrease underscores the broader economic pressures and industry-specific hurdles that Blue Bird has faced, despite its strong brand presence and commitment to vehicle innovation. The company maintains solid fundamentals with a low P/E ratio of 10.03 and an impressive return on assets of 22.37%. Investors are closely monitoring the company’s strategic moves to navigate through these headwinds and capitalize on potential growth opportunities ahead. For deeper insights into Blue Bird’s valuation and growth prospects, including 14 additional ProTips and comprehensive financial analysis, explore the full research report available on InvestingPro.

In other recent news, Blue Bird Corporation reported first-quarter financial results for fiscal year 2025 that exceeded expectations, with adjusted earnings per share of approximately $0.92 and adjusted EBITDA of about $46 million. Revenue for the quarter reached roughly $314 million, surpassing management’s forecast of $300 million, supported by steady internal combustion engine vehicle sales. The company maintains its revenue guidance for fiscal year 2025 at $1.4 billion to $1.5 billion, while adjusting its EBITDA forecast to a range of $185 million to $215 million. Blue Bird also announced a new leadership appointment, naming John Wyskiel as President and CEO, effective February 17, 2025. Wyskiel brings extensive experience in the automotive industry, having previously held senior roles at Magna International (NYSE:MGA) and other major companies. Analysts at Craig-Hallum, Needham, and BTIG have revised Blue Bird’s stock price targets to $68, $49, and $45, respectively, while maintaining a Buy rating. These adjustments reflect cautious approaches due to uncertainties around federal subsidies for electric vehicles, though analysts remain positive about Blue Bird’s market position. The company continues to see strong demand, with a backlog of approximately 4,700 units valued at $760 million, including nearly 1,000 electric vehicle units.

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