State of Alaska Department of Revenue Reduces Stake in Frontdoor, by 1.7%

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The State of Alaska Department of Revenue recently reported a 1.7% reduction in its stake in Frontdoor ($NASDAQ:FTDR), Inc., a leading provider of connected home services. Frontdoor is a technology-driven home services company that provides professional and convenient repair, maintenance, and installation services to consumers across the United States. Frontdoor is committed to delivering the highest quality products and services to their customers. They strive to ensure the best experience possible by offering same-day services, a satisfaction guarantee, and warranty coverage on all services they provide.

With their commitment to customer satisfaction and innovative technology, Frontdoor has quickly become one of the most popular home service companies in the United States. With its commitment to delivering high-quality services and an innovative approach to customer service, Frontdoor is well-positioned for success in the future.

Earnings

During the same period, FRONTDOOR reported total revenue of 330.0M USD and a net income of 5.0M USD. This amount represented a 6.0% decrease in total revenue and a 150.0% increase in net income compared to the previous year. Over the last three years, FRONTDOOR’s total revenue has risen from 330.0M USD to 366.0M USD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Frontdoor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Frontdoor. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Frontdoor. More…

Key Ratios Snapshot

Some of the financial key ratios for Frontdoor are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of FRONTDOOR‘s wellbeing. After examining the financial and business aspects of the company, our Risk Rating revealed it to be a medium risk investment. We identified two potential risk warnings in the company’s income sheet and balance sheet, which could be cause for concern. If you would like to learn more about these warnings, simply become a registered user to gain access to this information. More…

Peers

Its competitors are E-Home Household Service Holdings Ltd, Buck Hill Falls Co, and Carriage Services Inc.

– E-Home Household Service Holdings Ltd ($NASDAQ:EJH)

E-Home Household Service Holdings Ltd is a provider of home healthcare services in China. The company offers a range of services, including nursing care, rehabilitation therapy, and health management. It also provides home-based services, such as home visits, home health education, and health assessment. The company operates in two segments: Home Healthcare Services and Health Management. It has a network of service outlets in Beijing, Shanghai, Guangzhou, and Shenzhen.

– Buck Hill Falls Co ($OTCPK:BUHF)

Carriage Services Inc is a publicly traded company that provides funeral and cemetery services. The company has a market capitalization of $353.16 million as of 2022 and a return on equity of 43.04%. Carriage Services Inc operates through two segments: Funeral and Cemetery Services. The Funeral segment provides funeral services, cremation services, and merchandise sales. The Cemetery segment provides cemetery property sales, interment services, and other related services.

Summary

Frontdoor, Inc. (FRONT) is a leading provider of home service plans and related services in the U.S. Recently, the State of Alaska Department of Revenue trimmed its position in shares of Frontdoor, Inc. by 1.7% during the first quarter. Analysts have given the company a consensus rating of “buy” due to its strong revenue growth, solid balance sheet, and positive cash flow. Furthermore, the company has generated impressive returns on equity and assets. As such, it could be a good stock for more risk-averse investors looking for long-term growth potential.