Blue Apron Holdings Inc (APRN) Expected to Post Quarterly Sales of $137.71 Million

Equities research analysts expect that Blue Apron Holdings Inc (NYSE:APRN) will announce $137.71 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Blue Apron’s earnings, with estimates ranging from $135.10 million to $139.14 million. Blue Apron posted sales of $179.56 million during the same quarter last year, which suggests a negative year-over-year growth rate of 23.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Blue Apron will report full-year sales of $537.02 million for the current financial year, with estimates ranging from $503.74 million to $568.62 million. For the next fiscal year, analysts expect that the business will report sales of $553.11 million, with estimates ranging from $462.48 million to $629.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Blue Apron.

Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $141.89 million during the quarter, compared to analyst estimates of $149.79 million. Blue Apron had a negative return on equity of 70.16% and a negative net margin of 15.63%. The firm’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share.

Several equities research analysts recently issued reports on the company. ValuEngine lowered Blue Apron from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research lowered Blue Apron from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, SunTrust Banks reissued a “hold” rating and set a $1.70 price objective on shares of Blue Apron in a research note on Sunday, April 7th. Nine analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $1.66.

In other Blue Apron news, major shareholder Bessemer Venture Partners Viii sold 15,000,000 shares of Blue Apron stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $1.15, for a total transaction of $17,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 15,011,018 shares of company stock valued at $17,264,434. Corporate insiders own 56.24% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. River & Mercantile Asset Management LLP lifted its stake in Blue Apron by 39.1% during the first quarter. River & Mercantile Asset Management LLP now owns 7,243,581 shares of the company’s stock worth $7,059,000 after purchasing an additional 2,037,600 shares during the last quarter. BlackRock Inc. lifted its stake in Blue Apron by 165.4% during the first quarter. BlackRock Inc. now owns 1,677,095 shares of the company’s stock worth $1,644,000 after purchasing an additional 1,045,265 shares during the last quarter. Regal Investment Advisors LLC bought a new stake in Blue Apron during the first quarter worth about $36,000. Laurion Capital Management LP bought a new stake in Blue Apron during the first quarter worth about $349,000. Finally, Spark Investment Management LLC lifted its stake in Blue Apron by 95.3% during the first quarter. Spark Investment Management LLC now owns 337,600 shares of the company’s stock worth $330,000 after purchasing an additional 164,700 shares during the last quarter. 8.50% of the stock is owned by hedge funds and other institutional investors.

NYSE:APRN opened at $0.82 on Friday. The firm has a market cap of $171.90 million, a P/E ratio of -1.30 and a beta of 1.12. Blue Apron has a 52-week low of $0.65 and a 52-week high of $4.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.21 and a quick ratio of 1.69.

About Blue Apron

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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