Equities analysts expect that Blue Apron Holdings Inc (NYSE:APRN) will post earnings of ($0.06) per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Blue Apron’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.06). Blue Apron reported earnings of ($0.17) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 64.7%. The firm is expected to report its next earnings results before the market opens on Tuesday, April 30th.
On average, analysts expect that Blue Apron will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.34) to ($0.25). For the next financial year, analysts expect that the company will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.30) to ($0.17). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Blue Apron.
Blue Apron (NYSE:APRN) last released its quarterly earnings data on Wednesday, January 30th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. Blue Apron had a negative return on equity of 78.14% and a negative net margin of 18.30%. The company had revenue of $140.73 million for the quarter, compared to analysts’ expectations of $137.81 million. During the same period last year, the firm posted ($0.20) earnings per share. Blue Apron’s revenue was down 25.0% compared to the same quarter last year.
Several equities research analysts recently commented on APRN shares. Zacks Investment Research raised Blue Apron from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Tuesday, February 26th. ValuEngine raised Blue Apron from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $1.70 price objective on shares of Blue Apron in a research report on Sunday, April 7th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.75.
In other Blue Apron news, major shareholder Bessemer Venture Partners Viii sold 15,000,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $1.15, for a total value of $17,250,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 15,011,018 shares of company stock worth $17,264,434 over the last three months. Insiders own 56.24% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aries Wealth Management raised its stake in shares of Blue Apron by 50.0% in the first quarter. Aries Wealth Management now owns 30,000 shares of the company’s stock worth $29,000 after buying an additional 10,000 shares during the period. Paloma Partners Management Co raised its stake in shares of Blue Apron by 160.8% in the fourth 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 during the period. HRT Financial LLC bought a new position in shares of Blue Apron in the fourth quarter worth about $36,000. Deutsche Bank AG raised its stake in shares of Blue Apron by 126.3% in the fourth quarter. Deutsche Bank AG now owns 99,644 shares of the company’s stock worth $101,000 after buying an additional 55,617 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Blue Apron by 373.6% in the fourth quarter. Bank of New York Mellon Corp now owns 100,904 shares of the company’s stock worth $103,000 after buying an additional 79,600 shares during the period. 8.62% of the stock is currently owned by hedge funds and other institutional investors.
Blue Apron stock opened at $1.00 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.60 and a current ratio of 2.10. Blue Apron has a one year low of $0.65 and a one year high of $4.15. The firm has a market cap of $193.69 million, a P/E ratio of -1.59 and a beta of 1.03.
Blue Apron Company Profile
Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.
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