Equities research analysts expect that Blue Apron Holdings Inc (NYSE:APRN) will post sales of $182.76 million for the current quarter, according to Zacks. Six analysts have issued estimates for Blue Apron’s earnings, with the highest sales estimate coming in at $189.60 million and the lowest estimate coming in at $172.90 million. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Blue Apron will report full-year sales of $182.76 million for the current financial year, with estimates ranging from $866.40 million to $883.10 million. For the next fiscal year, analysts expect that the firm will post sales of $903.35 million per share, with estimates ranging from $808.82 million to $960.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Blue Apron.
Blue Apron (NYSE:APRN) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million during the quarter, compared to the consensus estimate of $191.47 million. During the same period in the previous year, the business earned ($0.56) earnings per share. Blue Apron’s quarterly revenue was up 2.5% on a year-over-year basis.
APRN has been the subject of a number of recent research reports. Zacks Investment Research raised Blue Apron from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $6.00 price target on shares of Blue Apron in a research note on Friday, November 3rd. Barclays downgraded Blue Apron from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $5.00 to $3.00 in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Blue Apron in a research note on Friday, December 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price target (down from $8.00) on shares of Blue Apron in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.04.
Blue Apron (NYSE APRN) traded down $0.12 on Monday, hitting $3.41. The stock had a trading volume of 2,219,800 shares, compared to its average volume of 1,491,089. Blue Apron has a 52 week low of $2.94 and a 52 week high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73. The stock has a market cap of $648.08 and a P/E ratio of -3.25.
In related news, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $3.26, for a total value of $4,761,018.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brad Dickerson acquired 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was bought at an average cost of $3.93 per share, for a total transaction of $707,400.00. Following the completion of the purchase, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $157,200. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 245,000 shares of company stock worth $959,450 and sold 2,010,459 shares worth $6,446,924.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC acquired a new stake in Blue Apron in the 2nd quarter valued at approximately $42,090,000. Capital World Investors acquired a new stake in Blue Apron in the 2nd quarter valued at approximately $36,476,000. JPMorgan Chase & Co. acquired a new stake in Blue Apron in the 2nd quarter valued at approximately $31,439,000. River & Mercantile Asset Management LLP acquired a new stake in Blue Apron in the 3rd quarter valued at approximately $5,667,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Blue Apron in the 2nd quarter valued at approximately $6,239,000. 58.35% of the stock is currently owned by hedge funds and other institutional investors.
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Blue Apron Company Profile
Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.
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