Dingdong (Cayman) (NYSE:DDL) Posts Earnings Results, Beats Expectations By $0.02 EPS

Dingdong (Cayman) (NYSE:DDL) released its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02, Zacks reports. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%.

Dingdong (Cayman) Stock Performance

Shares of DDL stock opened at $3.55 on Friday. The stock’s fifty day moving average is $3.38 and its two-hundred day moving average is $3.41. The firm has a market capitalization of $837.43 million, a P/E ratio of 39.39 and a beta of 0.44. Dingdong has a fifty-two week low of $1.08 and a fifty-two week high of $4.79.

Dingdong (Cayman) declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.