FY2017 EPS Estimates for Blue Apron Holdings, Inc. Lifted by Analyst (APRN)
Blue Apron Holdings, Inc. (NYSE:APRN) – Equities researchers at Northcoast Research raised their FY2017 earnings estimates for Blue Apron Holdings in a report issued on Monday. Northcoast Research analyst C. Cerankosky now forecasts that the company will earn ($1.54) per share for the year, up from their previous estimate of ($1.55). Northcoast Research also issued estimates for Blue Apron Holdings’ FY2018 earnings at ($0.90) EPS.
Blue Apron Holdings (NYSE:APRN) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $191.47 million. Blue Apron Holdings’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.56) EPS. ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Blue Apron Holdings, Inc. Lifted by Analyst (APRN)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/11/15/fy2017-eps-estimates-for-blue-apron-holdings-inc-lifted-by-analyst-aprn.html.
APRN has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) initiated coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a “buy” rating and a $11.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective (down from $6.50) on shares of Blue Apron Holdings in a research note on Friday, November 3rd. Zacks Investment Research downgraded Blue Apron Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks, Inc. restated a “hold” rating and set a $5.50 price objective on shares of Blue Apron Holdings in a research note on Tuesday, October 24th. Finally, Citigroup Inc. initiated coverage on Blue Apron Holdings in a research note on Tuesday, July 25th. They set a “buy” rating and a $10.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Blue Apron Holdings has an average rating of “Hold” and an average price target of $7.12.
Blue Apron Holdings (APRN) opened at $3.06 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73. Blue Apron Holdings has a 52 week low of $3.02 and a 52 week high of $11.00.
In other Blue Apron Holdings news, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $3.26, for a total transaction of $4,761,018.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of Blue Apron Holdings in the second quarter valued at $42,090,000. Capital World Investors acquired a new stake in shares of Blue Apron Holdings in the second quarter valued at $36,476,000. JPMorgan Chase & Co. acquired a new stake in shares of Blue Apron Holdings in the second quarter valued at $31,439,000. Victory Capital Management Inc. acquired a new stake in shares of Blue Apron Holdings in the second quarter valued at $14,010,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Blue Apron Holdings in the second quarter valued at $10,274,000. Institutional investors and hedge funds own 91.18% of the company’s stock.
About Blue Apron Holdings
Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.
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