Equities research analysts expect that Blue Apron Holdings Inc (NYSE:APRN) will post earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Blue Apron’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.07). Blue Apron posted earnings per share of ($0.17) in the same quarter last year, which suggests a positive year-over-year growth rate of 58.8%. The business is expected to announce its next earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Blue Apron will report full-year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.21). For the next year, analysts anticipate that the business will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.21) to ($0.20). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Blue Apron.
Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Blue Apron had a negative net margin of 15.63% and a negative return on equity of 70.16%. The company had revenue of $141.89 million during the quarter, compared to analyst estimates of $149.79 million. During the same period last year, the business earned ($0.17) EPS. The firm’s revenue for the quarter was down 27.9% compared to the same quarter last year.
A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Blue Apron from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. SunTrust Banks restated a “hold” rating and issued a $1.70 price target on shares of Blue Apron in a research report on Sunday, April 7th. Finally, Zacks Investment Research upgraded shares of Blue Apron from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Tuesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, Blue Apron currently has a consensus rating of “Hold” and a consensus price target of $1.66.
Blue Apron stock opened at $0.69 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.21. Blue Apron has a 1 year low of $0.64 and a 1 year high of $4.15. The stock has a market capitalization of $133.63 million, a PE ratio of -1.10 and a beta of 1.46.
In related news, CFO Timothy Bensley sold 44,055 shares of Blue Apron stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total value of $30,397.95. Following the sale, the chief financial officer now directly owns 82,226 shares in the company, valued at approximately $56,735.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Linda F. Kozlowski sold 45,689 shares of Blue Apron stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total transaction of $31,525.41. Following the completion of the sale, the chief executive officer now owns 98,143 shares in the company, valued at $67,718.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,928 shares of company stock worth $71,710. 56.24% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Aries Wealth Management raised its position in shares of Blue Apron by 50.0% during the 1st quarter. Aries Wealth Management now owns 30,000 shares of the company’s stock worth $29,000 after buying an additional 10,000 shares in the last quarter. Paloma Partners Management Co raised its position in shares of Blue Apron by 160.8% during the 4th quarter. Paloma Partners Management Co now owns 33,639 shares of the company’s stock worth $34,000 after buying an additional 20,739 shares in the last quarter. HRT Financial LLC bought a new stake in shares of Blue Apron during the 4th quarter worth about $36,000. Regal Investment Advisors LLC bought a new stake in shares of Blue Apron during the 1st quarter worth about $36,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Blue Apron during the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 13.08% of the company’s stock.
About Blue Apron
Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.
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