Hennessy Capital Acquisition Corp (BLBD) Expected to Post Quarterly Sales of $147.65 Million

Wall Street brokerages expect Hennessy Capital Acquisition Corp (NASDAQ:BLBD) to post sales of $147.65 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Hennessy Capital Acquisition’s earnings. The lowest sales estimate is $146.00 million and the highest is $149.30 million. Hennessy Capital Acquisition reported sales of $136.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The firm is expected to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Hennessy Capital Acquisition will report full-year sales of $147.65 million for the current year. For the next year, analysts anticipate that the company 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 analysts that cover Hennessy Capital Acquisition.

Hennessy Capital Acquisition (NASDAQ:BLBD) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.50 earnings per share 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 equities research analysts have recently weighed in on BLBD shares. ValuEngine raised Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub raised Hennessy Capital Acquisition from a “hold” rating to a “buy” rating in a research note on Friday, December 29th.

Shares of Hennessy Capital Acquisition (BLBD) opened at $19.30 on Friday. The firm has a market capitalization of $446.93, a price-to-earnings ratio of 31.64, a PEG ratio of 0.79 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. Hennessy Capital Acquisition has a one year low of $15.66 and a one year high of $21.90.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its position 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 worth $104,000 after buying an additional 2,770 shares during the period. New York State Common Retirement Fund boosted its position 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 worth $179,000 after buying an additional 5,899 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hennessy Capital Acquisition in the second quarter worth $192,000. K2 Principal Fund L.P. acquired a new stake in shares of Hennessy Capital Acquisition in the third quarter worth $215,000. Finally, California State Teachers Retirement System boosted its position 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 worth $219,000 after buying an additional 2,000 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Hennessy Capital Acquisition Corp (BLBD) Expected to Post Quarterly Sales of $147.65 Million” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/01/21/hennessy-capital-acquisition-corp-blbd-expected-to-post-quarterly-sales-of-147-65-million.html.

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.

Get a free copy of the Zacks research report on Hennessy Capital Acquisition (BLBD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hennessy Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennessy Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply