Etsy Inc (ETSY) released its first quarter results on Thursday, May 6, 2021. The company reported net earnings of $1.00 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 883 percent compared to the same period a year ago.
Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York. Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its online market places include Etsy.com and Reverb.com.
Etsy's revenue increased 134 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 76.42% for the first quarter compared to the same period in the previous year, and operating margins increased to 27.36% over the same period. Net earnings for past trailing twelve months were $480.49 million, up 525% from the prior year.
Moving on to the balance sheet, Etsy's cash levels jumped 163% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 22.34% this past year. The current ratio for Etsy now stands at 4.43. The company increased shares outstanding by 6.33%.
Shares of ETSY are currently trading around $157.68. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 44.65 and price to book ratio of 33.37.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, May 7, 2021.