Analysts forecast that Hennessy Capital Acquisition Corp (NASDAQ:BLBD) will post sales of $147.65 million for the current quarter, according to Zacks. Two analysts have made estimates for Hennessy Capital Acquisition’s earnings, with the highest sales estimate coming in at $149.30 million and the lowest estimate coming in at $146.00 million. Hennessy Capital Acquisition reported sales of $136.66 million in the same quarter last year, which would suggest a positive year over year growth rate of 8%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 7th.
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 financial year, analysts expect that the business will report sales of $1.04 billion per share, with estimates ranging from $1.03 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Hennessy Capital Acquisition.
Hennessy Capital Acquisition (NASDAQ:BLBD) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Hennessy Capital Acquisition had a net margin of 2.91% and a negative return on equity of 24.21%.
A number of brokerages have recently weighed in on BLBD. BidaskClub raised Hennessy Capital Acquisition from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine raised Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Hennessy Capital Acquisition by 18.4% during the 2nd quarter. California State Teachers Retirement System now owns 12,876 shares of the company’s stock worth $219,000 after purchasing an additional 2,000 shares in the last quarter. Willis Investment Counsel grew its stake in Hennessy Capital Acquisition by 2.2% during the 3rd quarter. Willis Investment Counsel now owns 123,667 shares of the company’s stock worth $2,548,000 after purchasing an additional 2,615 shares in the last quarter. Cadence Capital Management LLC grew its stake in Hennessy Capital Acquisition by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 71,374 shares of the company’s stock worth $1,470,000 after purchasing an additional 3,482 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Hennessy Capital Acquisition by 24.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 18,208 shares of the company’s stock worth $310,000 after purchasing an additional 3,549 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Hennessy Capital Acquisition by 7.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,631 shares of the company’s stock worth $1,105,000 after purchasing an additional 3,747 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Hennessy Capital Acquisition (NASDAQ BLBD) opened at $19.85 on Wednesday. Hennessy Capital Acquisition has a one year low of $15.66 and a one year high of $21.90. The company has a quick ratio of 0.61, a current ratio of 1.16 and a debt-to-equity ratio of -1.45. The firm has a market capitalization of $486.06, a price-to-earnings ratio of 24.52, a PEG ratio of 0.86 and a beta of 1.60.
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About Hennessy Capital Acquisition
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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