Analysts Anticipate Blue Apron Holdings Inc (APRN) to Post -$0.22 EPS

Wall Street analysts expect that Blue Apron Holdings Inc (NYSE:APRN) will post ($0.22) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Blue Apron’s earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.23). Blue Apron reported earnings per share of ($0.47) during the same quarter last year, which would suggest a positive year-over-year growth rate of 53.2%. The company is expected to announce its next earnings report before the market opens on Wednesday, November 14th.

According to Zacks, analysts expect that Blue Apron will report full-year earnings of ($0.72) per share for the current financial year, with EPS estimates ranging from ($0.76) to ($0.70). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.54) per share, with EPS estimates ranging from ($0.71) to ($0.42). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Blue Apron.

Blue Apron (NYSE:APRN) last posted its earnings results on Thursday, August 2nd. The company reported ($0.17) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.17). Blue Apron had a negative net margin of 24.64% and a negative return on equity of 89.80%. The firm had revenue of $179.60 million for the quarter, compared to analyst estimates of $188.51 million. During the same period in the previous year, the firm posted ($0.47) EPS. The company’s revenue for the quarter was down 24.6% compared to the same quarter last year.

A number of research analysts recently issued reports on APRN shares. Zacks Investment Research upgraded shares of Blue Apron from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Tuesday, July 3rd. Canaccord Genuity reiterated a “buy” rating and set a $6.00 target price on shares of Blue Apron in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Blue Apron from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Morgan Stanley dropped their target price on shares of Blue Apron from $2.00 to $1.90 and set an “equal weight” rating on the stock in a research report on Wednesday, July 11th. Finally, Barclays dropped their target price on shares of Blue Apron from $3.50 to $2.50 and set an “equal weight” rating on the stock in a research report on Monday, August 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Blue Apron presently has a consensus rating of “Hold” and a consensus target price of $3.49.

APRN traded down $0.01 during trading on Friday, reaching $1.26. 59,872 shares of the company’s stock were exchanged, compared to its average volume of 3,792,620. Blue Apron has a one year low of $1.26 and a one year high of $5.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.74 and a quick ratio of 2.30. The firm has a market capitalization of $252.17 million, a price-to-earnings ratio of -0.77 and a beta of -1.13.

In other Blue Apron news, major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $1.70, for a total transaction of $2,210,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ilia M. Papas sold 133,333 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $2.05, for a total transaction of $273,332.65. Following the sale, the insider now owns 187,075 shares of the company’s stock, valued at approximately $383,503.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,722,372 shares of company stock valued at $2,966,888 in the last 90 days. 56.24% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. grew its stake in shares of Blue Apron by 216.9% in the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after acquiring an additional 102,982 shares in the last quarter. Northern Trust Corp lifted its holdings in Blue Apron by 55.8% during the second quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after purchasing an additional 30,625 shares during the last quarter. Millennium Management LLC lifted its holdings in Blue Apron by 285.7% during the second quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock valued at $7,513,000 after purchasing an additional 1,661,211 shares during the last quarter. River & Mercantile Asset Management LLP lifted its holdings in Blue Apron by 3.7% during the second quarter. River & Mercantile Asset Management LLP now owns 4,025,413 shares of the company’s stock valued at $13,425,000 after purchasing an additional 142,660 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Blue Apron during the first quarter valued at about $102,000. Hedge funds and other institutional investors own 12.97% of the company’s stock.

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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Earnings History and Estimates for Blue Apron (NYSE:APRN)

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