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

Dingdong (Cayman) (NYSE:DDL) issued its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02, Zacks reports. The business had revenue of $808.99 million during the quarter, compared to the consensus estimate of $798.85 million. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%.

Dingdong (Cayman) Stock Performance

Shares of NYSE:DDL opened at $3.36 on Friday. The company has a market cap of $792.54 million, a PE ratio of 37.28 and a beta of 0.44. Dingdong has a 52 week low of $1.08 and a 52 week high of $4.79. The firm has a 50 day simple moving average of $3.38 and a 200 day simple moving average of $3.41.

Dingdong (Cayman) announced that its Board of Directors has approved a stock buyback plan on Thursday, March 6th that permits the company to repurchase $20.00 million in 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 an indication that the company’s board believes its shares are 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.