Dingdong (Cayman) (NYSE:DDL) Releases Quarterly Earnings Results

Dingdong (Cayman) (NYSE:DDL) released 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. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%. The business had revenue of $808.99 million for the quarter, compared to analyst estimates of $798.85 million.

Dingdong (Cayman) Stock Down 5.8 %

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

Dingdong (Cayman) announced that its board has approved a stock buyback program on Thursday, March 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are often a sign 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.