Blue Apron (APRN) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Blue Apron (NYSE:APRN) announced its quarterly earnings results on Tuesday. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.07, Morningstar.com reports. The business had revenue of $187.70 million during the quarter, compared to analyst estimates of $186.13 million. During the same period last year, the company earned ($0.39) EPS. The business’s revenue for the quarter was down 13.1% on a year-over-year basis.
Shares of Blue Apron (NYSE:APRN) opened at $3.72 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. Blue Apron has a 1-year low of $2.94 and a 1-year high of $11.00.
In related news, CEO Brad Dickerson purchased 180,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were bought at an average price of $3.93 per share, for a total transaction of $707,400.00. Following the acquisition, the chief executive officer now directly owns 40,000 shares in the company, valued at $157,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder First Round Capital Iv Partner sold 189,819 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $3.04, for a total value of $577,049.76. The disclosure for this sale can be found here. In the last quarter, insiders purchased 245,000 shares of company stock worth $959,450 and sold 361,895 shares worth $1,103,691.
Several equities analysts have recently commented on the company. Gabelli assumed coverage on Blue Apron in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research lowered Blue Apron from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “hold” rating on shares of Blue Apron in a research note on Friday, December 1st. Barclays raised Blue Apron from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $3.00 to $4.00 in a research note on Monday, December 4th. Finally, Royal Bank of Canada lowered Blue Apron from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $6.00 to $4.00 in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Blue Apron currently has an average rating of “Hold” and a consensus price target of $6.96.
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Blue Apron Company Profile
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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