Blue Apron Holdings Inc (APRN) Expected to Post Quarterly Sales of $182.76 Million
Equities analysts forecast that Blue Apron Holdings Inc (NYSE:APRN) will report $182.76 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Blue Apron’s earnings, with the highest sales estimate coming in at $189.60 million and the lowest estimate coming in at $172.90 million. The company is scheduled to issue its next earnings results before the market opens on Tuesday, February 13th.
According to Zacks, analysts expect that Blue Apron will report full-year sales of $182.76 million for the current year, with estimates ranging from $866.40 million to $883.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $903.35 million per share, with estimates ranging from $808.82 million to $960.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Blue Apron.
Blue Apron (NYSE:APRN) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the 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. During the same period in the prior year, the firm earned ($0.56) earnings per share. Blue Apron’s quarterly revenue was up 2.5% compared to the same quarter last year.
In other Blue Apron news, CEO Brad Dickerson acquired 180,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $3.93 per share, for a total transaction of $707,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at $157,200. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $3.26, for a total value of $4,761,018.10. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 245,000 shares of company stock worth $959,450 and have sold 2,010,459 shares worth $6,446,924.
Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Blue Apron in the fourth quarter valued at $509,000. Westpac Banking Corp boosted its holdings in Blue Apron by 170.2% in the fourth quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock valued at $2,323,000 after acquiring an additional 363,044 shares during the last quarter. BBR Partners LLC acquired a new position in Blue Apron in the third quarter valued at $147,000. Stifel Financial Corp acquired a new position in Blue Apron in the third quarter valued at $805,000. Finally, Wells Fargo & Company MN boosted its holdings in Blue Apron by 27.4% in the third quarter. Wells Fargo & Company MN now owns 85,530 shares of the company’s stock valued at $467,000 after acquiring an additional 18,370 shares during the last quarter. Institutional investors and hedge funds own 58.62% of the company’s stock.
Blue Apron (NYSE:APRN) traded up $0.04 during midday trading on Wednesday, reaching $3.08. The company had a trading volume of 3,047,389 shares, compared to its average volume of 1,783,745. Blue Apron has a 12-month low of $2.94 and a 12-month high of $11.00. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48.
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About Blue Apron
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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