Blue Apron (NYSE:APRN) Announces Quarterly Earnings Results, Beats Estimates By $0.53 EPS
Blue Apron (NYSE:APRN) released its quarterly earnings results on Wednesday. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.45) by $0.53, MarketWatch Earnings reports. The firm had revenue of $131.04 million for the quarter. Blue Apron had a negative return on equity of 97.63% and a negative net margin of 15.72%. Blue Apron updated its Q3 2020
Pre-Market guidance to EPS.
APRN stock traded down $1.12 during trading hours on Friday, hitting $11.85. 24,725 shares of the stock traded hands, compared to its average volume of 1,070,340. The stock has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $8.38. Blue Apron has a one year low of $2.01 and a one year high of $28.84. The company has a market cap of $162.23 million, a P/E ratio of -3.76 and a beta of -4.68. The company has a current ratio of 1.13, a quick ratio of 0.72 and a debt-to-equity ratio of 1.06.
APRN has been the topic of several recent research reports. Morgan Stanley boosted their price target on Blue Apron from $6.00 to $6.10 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Zacks Investment Research lowered Blue Apron from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Canaccord Genuity raised Blue Apron from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $18.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.46.
About Blue Apron
Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.
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