DoubleDown Interactive (DDI) to Release Earnings on Monday

DoubleDown Interactive (NASDAQ:DDI) is scheduled to 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. Investors that are interested in registering for the company’s conference call can do so using this link.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a return on equity of 15.62% and a net margin of 34.85%. The company had revenue of $88.24 million for the quarter, compared to the consensus estimate of $83.87 million. During the same quarter in the previous year, the business earned $0.49 EPS. 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 %

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DDI shares. B. Riley lifted their target price on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Northland Securities increased their target price on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Finally, Wedbush raised their target price on DoubleDown Interactive from $14.75 to $16.25 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.