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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Blue Apron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron and related companies with MarketBeat.com's FREE daily email newsletter.