Wall Street brokerages forecast that Hennessy Capital Acquisition Corp (NASDAQ:BLBD) will post $147.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hennessy Capital Acquisition’s earnings, with estimates ranging from $146.00 million to $149.30 million. Hennessy Capital Acquisition posted sales of $136.66 million in the same quarter last year, which would indicate a positive year over year growth rate of 8%. The company is scheduled to announce its next earnings report on Thursday, February 8th.
On average, analysts expect that Hennessy Capital Acquisition will report full-year sales of $147.65 million for the current financial year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.04 billion per share, with estimates ranging from $1.03 billion to $1.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hennessy Capital Acquisition.
Hennessy Capital Acquisition (NASDAQ:BLBD) last released its quarterly earnings results on Wednesday, December 6th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Hennessy Capital Acquisition had a negative return on equity of 24.21% and a net margin of 2.91%.
Several research analysts have recently commented on the company. BidaskClub upgraded Hennessy Capital Acquisition from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
Hennessy Capital Acquisition (NASDAQ:BLBD) traded up $0.60 on Friday, hitting $20.75. The stock had a trading volume of 144,525 shares, compared to its average volume of 56,341. Hennessy Capital Acquisition has a 1-year low of $15.66 and a 1-year high of $21.90. The stock has a market capitalization of $482.88, a price-to-earnings ratio of 34.02, a P/E/G ratio of 0.85 and a beta of 1.67. The company has a debt-to-equity ratio of -1.45, a quick ratio of 0.61 and a current ratio of 1.16.
Several hedge funds and other institutional investors have recently made changes to their positions in BLBD. Federated Investors Inc. PA raised its stake in shares of Hennessy Capital Acquisition by 82.1% in the second quarter. Federated Investors Inc. PA now owns 6,143 shares of the company’s stock valued at $104,000 after acquiring an additional 2,770 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Hennessy Capital Acquisition by 128.2% in the second quarter. New York State Common Retirement Fund now owns 10,500 shares of the company’s stock valued at $179,000 after acquiring an additional 5,899 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hennessy Capital Acquisition in the second quarter valued at $192,000. K2 Principal Fund L.P. acquired a new stake in shares of Hennessy Capital Acquisition in the third quarter valued at $215,000. Finally, California State Teachers Retirement System raised its stake in shares of Hennessy Capital Acquisition by 18.4% in the second quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock valued at $219,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.
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Hennessy Capital Acquisition 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.
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