Equities Analysts Set Expectations for Blue Apron Holdings, Inc.’s FY2017 Earnings (APRN)
Blue Apron Holdings, Inc. (NYSE:APRN) – Equities researchers at KeyCorp issued their FY2017 EPS estimates for Blue Apron Holdings in a research report issued on Monday. KeyCorp analyst E. Yruma expects that the company will post earnings of ($1.77) per share for the year. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Blue Apron Holdings’ Q4 2017 earnings at ($0.28) EPS, Q1 2018 earnings at ($0.27) EPS, Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.26) EPS, Q4 2018 earnings at ($0.19) EPS and FY2018 earnings at ($0.88) EPS.
APRN has been the topic of several other reports. Citigroup Inc. lowered shares of Blue Apron Holdings from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $5.50 in a report on Friday, August 11th. Zacks Investment Research lowered shares of Blue Apron Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Royal Bank Of Canada lifted their price target on shares of Blue Apron Holdings from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, August 11th. CIBC reaffirmed a “market perform” rating on shares of Blue Apron Holdings in a report on Monday, August 21st. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $5.50 price target on shares of Blue Apron Holdings in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.12.
Blue Apron Holdings (APRN) opened at $2.97 on Thursday. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48. Blue Apron Holdings has a 1-year low of $2.94 and a 1-year high of $11.00.
Blue Apron Holdings (NYSE:APRN) last released its earnings results on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.04). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $191.47 million. During the same quarter in the prior year, the company posted ($0.56) earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the stock. BBR Partners LLC acquired a new stake in Blue Apron Holdings during the 3rd quarter worth approximately $147,000. Stifel Financial Corp acquired a new position in shares of Blue Apron Holdings in the 3rd quarter worth approximately $805,000. Wells Fargo & Company MN lifted its position in shares of Blue Apron Holdings 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 during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Blue Apron Holdings in the 3rd quarter worth approximately $364,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Blue Apron Holdings in the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 92.53% of the company’s stock.
In related news, major shareholder First Round Capital Iv Partner sold 189,819 shares of Blue Apron Holdings stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $3.04, for a total transaction of $577,049.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder First Round Capital Iv, L.P. sold 77,647 shares of Blue Apron Holdings stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $3.13, for a total transaction of $243,035.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,942,522 shares of company stock worth $6,241,031.
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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