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

Dingdong (Cayman) (NYSE:DDL - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02, Zacks reports. The company had revenue of $808.99 million during the quarter, compared to analyst estimates of $798.85 million. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%.

Dingdong (Cayman) Trading Down 8.5 %

Shares of DDL traded down $0.29 during midday trading on Monday, reaching $3.07. 1,120,860 shares of the company were exchanged, compared to its average volume of 666,938. Dingdong has a 1-year low of $1.08 and a 1-year high of $4.79. The company has a market cap of $724.04 million, a price-to-earnings ratio of 34.06 and a beta of 0.44. The stock has a 50-day moving average price of $3.37 and a 200-day moving average price of $3.44.

Dingdong (Cayman) declared that its board has approved a stock repurchase plan on Thursday, March 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors 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.