Blue Apron Holdings (APRN) Expected to Announce Earnings of -$0.25 Per Share

Wall Street brokerages forecast that Blue Apron Holdings (NYSE:APRN) will report earnings per share of ($0.25) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Blue Apron’s earnings. The highest EPS estimate is ($0.23) and the lowest is ($0.25). The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, May 3rd.

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 ($0.81) to ($0.62). For the next financial year, analysts forecast that the business will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.52) to ($0.33). Zacks’ EPS calculations are an average based on a survey of research firms that follow Blue Apron.

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Blue Apron (NYSE:APRN) last posted its earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. The business had revenue of $187.70 million for the quarter, compared to analysts’ expectations of $186.13 million. Blue Apron had a negative net margin of 23.85% and a negative return on equity of 787.55%. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) earnings per share.

Several equities analysts have recently commented on APRN shares. Gabelli started coverage on shares of Blue Apron in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 price target for the company. Zacks Investment Research downgraded shares of Blue Apron from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Northcoast Research raised shares of Blue Apron from a “sell” rating to a “neutral” rating and cut their price target for the company from $3.43 to $3.31 in a report on Friday, February 16th. Morgan Stanley cut their price target on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, February 14th. Finally, Stifel Nicolaus restated a “hold” rating and set a $4.00 price objective (down previously from $6.00) on shares of Blue Apron in a report on Wednesday, February 14th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Blue Apron currently has an average rating of “Hold” and a consensus price target of $6.39.

APRN stock traded down $0.09 during trading on Friday, hitting $1.77. 1,404,290 shares of the company’s stock traded hands, compared to its average volume of 3,234,430. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.12 and a quick ratio of 2.66. Blue Apron has a 52 week low of $1.72 and a 52 week high of $11.00. The firm has a market cap of $355.98 and a price-to-earnings ratio of -1.08.

In related news, CTO Ilia M. Papas sold 133,333 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $2.60, for a total transaction of $346,665.80. Following the transaction, the chief technology officer now directly owns 140,833 shares of the company’s stock, valued at approximately $366,165.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Benjamin C. Singer sold 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.50, for a total value of $35,000.00. Following the completion of the sale, the general counsel now owns 10,000 shares of the company’s stock, valued at $35,000. The disclosure for this sale can be found here. In the last three months, insiders sold 276,666 shares of company stock worth $853,665.

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of Blue Apron during the 3rd quarter valued at $120,000. Goldman Sachs Group Inc. increased its holdings in Blue Apron by 3,473.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 76,878 shares of the company’s stock worth $310,000 after purchasing an additional 79,157 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Blue Apron by 27.4% in the 3rd quarter. Wells Fargo & Company MN now owns 85,530 shares of the company’s stock worth $467,000 after purchasing an additional 18,370 shares in the last quarter. SG Americas Securities LLC acquired a new position in Blue Apron in the 4th quarter worth about $509,000. Finally, Stifel Financial Corp acquired a new stake in shares of Blue Apron in the third quarter valued at about $805,000. Hedge funds and other institutional investors own 11.48% of the company’s stock.

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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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