Equities research analysts expect that Blue Apron Holdings Inc (NYSE:APRN) will report ($0.22) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Blue Apron’s earnings, with estimates ranging from ($0.23) to ($0.21). Blue Apron reported earnings of ($0.47) per share in the same quarter last year, which indicates a positive year over year growth rate of 53.2%. The business is expected to report its next earnings report on Thursday, November 1st.

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 year, analysts forecast that the business will report earnings of ($0.53) per share, with EPS estimates ranging from ($0.71) to ($0.39). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Blue Apron.

Blue Apron (NYSE:APRN) last announced its quarterly earnings results on Thursday, August 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $188.51 million. During the same period in the prior year, the company posted ($0.47) EPS. The company’s revenue was down 24.6% on a year-over-year basis.

APRN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Blue Apron from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Tuesday, July 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Blue Apron in a research note on Thursday, August 2nd. Morgan Stanley reduced their price objective on shares of Blue Apron from $2.00 to $1.90 and set an “equal weight” rating on the stock in a research note on Wednesday, July 11th. Barclays reduced their price objective on shares of Blue Apron from $3.50 to $2.50 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $2.00 price objective on shares of Blue Apron in a research note on Friday, August 3rd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.95.

NYSE APRN traded down $0.05 on Monday, hitting $1.78. The company’s stock had a trading volume of 2,025,200 shares, compared to its average volume of 3,629,417. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.30 and a current ratio of 2.74. Blue Apron has a 1-year low of $1.70 and a 1-year high of $6.25. The stock has a market cap of $352.27 million, a P/E ratio of -1.09 and a beta of -1.22.

In other news, insider Ilia M. Papas sold 133,333 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $1.78, for a total value of $237,332.74. Following the sale, the insider now directly owns 194,976 shares of the company’s stock, valued at approximately $347,057.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Ilia M. Papas sold 157,692 shares of the company’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $3.43, for a total transaction of $540,883.56. Following the completion of the sale, the chief technology officer now directly owns 78,100 shares in the company, valued at $267,883. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 566,748 shares of company stock worth $1,520,576. Insiders own 56.24% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Blue Apron during the first quarter worth $102,000. Bayesian Capital Management LP bought a new position in Blue Apron during the first quarter worth $205,000. Teton Advisors Inc. bought a new position in Blue Apron during the first quarter worth $225,000. River & Mercantile Asset Management LLP boosted its stake 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 worth $13,425,000 after acquiring an additional 142,660 shares in the last quarter. Finally, Tiedemann Advisors LLC bought a new position in Blue Apron during the first quarter worth $689,000. 12.96% of the stock is currently owned by institutional investors.

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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