Blue Apron (APRN) Scheduled to Post Quarterly Earnings on Monday

Blue Apron (NYSE:APRNGet Rating) is scheduled to announce its earnings results before the market opens on Monday, August 8th. Analysts expect the company to announce earnings of ($0.76) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Blue Apron (NYSE:APRNGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($1.19) earnings per share (EPS) for the quarter. The firm had revenue of $117.75 million during the quarter. Blue Apron had a negative return on equity of 191.76% and a negative net margin of 24.24%. On average, analysts expect Blue Apron to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Blue Apron Stock Performance

Shares of APRN stock opened at $2.98 on Friday. The firm has a market capitalization of $102.42 million, a price-to-earnings ratio of -0.70 and a beta of -2.80. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.20 and a quick ratio of 0.91. The business has a fifty day moving average of $3.29 and a 200 day moving average of $4.34. Blue Apron has a 1 year low of $2.27 and a 1 year high of $12.76.

Insider Buying and Selling at Blue Apron

In other Blue Apron news, CEO Linda Findley sold 9,684 shares of Blue Apron stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $3.08, for a total transaction of $29,826.72. Following the completion of the transaction, the chief executive officer now owns 194,620 shares in the company, valued at approximately $599,429.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 18,803 shares of company stock worth $57,913. Insiders own 19.16% of the company’s stock.

Hedge Funds Weigh In On Blue Apron

A number of institutional investors have recently modified their holdings of the stock. Walleye Capital LLC purchased a new position in shares of Blue Apron during the 1st quarter valued at about $67,000. State Street Corp raised its stake in shares of Blue Apron by 33.5% during the 1st quarter. State Street Corp now owns 83,569 shares of the company’s stock valued at $338,000 after buying an additional 20,954 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Blue Apron during the 1st quarter valued at about $105,000. HAP Trading LLC grew its position in shares of Blue Apron by 176.4% during the 1st quarter. HAP Trading LLC now owns 83,229 shares of the company’s stock valued at $337,000 after acquiring an additional 53,114 shares during the period. Finally, Northern Trust Corp grew its position in shares of Blue Apron by 158.1% during the 1st quarter. Northern Trust Corp now owns 96,028 shares of the company’s stock valued at $389,000 after acquiring an additional 58,822 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APRN shares. Benchmark started coverage on Blue Apron in a research note on Wednesday, July 20th. They issued a “buy” rating and a $10.00 target price for the company. Canaccord Genuity Group reduced their target price on Blue Apron from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, May 10th.

Blue Apron Company Profile

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Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. 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.

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Earnings History for Blue Apron (NYSE:APRN)

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