DoubleDown Interactive (DDI) Scheduled to Post Quarterly Earnings on Monday

DoubleDown Interactive (NASDAQ:DDI) will be posting its quarterly earnings results after the market closes on Monday, November 11th. Analysts expect DoubleDown Interactive to post earnings of $0.55 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. The firm had revenue of $88.24 million for the quarter, compared to analysts’ expectations of $83.87 million. During the same period in the previous year, the company earned $0.49 earnings per share. On average, analysts expect DoubleDown Interactive to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DoubleDown Interactive Trading Up 3.1 %

Shares of DDI stock opened at $16.50 on Friday. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. The firm has a market cap of $817.62 million, a P/E ratio of 7.08 and a beta of 0.88. The company has a 50 day moving average of $14.38 and a 200-day moving average of $13.00. DoubleDown Interactive has a 12-month low of $7.16 and a 12-month high of $16.75.

Analysts Set New Price Targets

DDI has been the subject of several analyst reports. Wedbush raised their price objective on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. B. Riley raised their price target on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Northland Securities boosted their price objective on DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.