Tue. Jul 23rd, 2019

DavidsTea (NASDAQ:DTEA) Announces Earnings Results, Misses Estimates By $0.09 EPS

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DavidsTea (NASDAQ:DTEA) issued its quarterly earnings results on Thursday, December 13th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.09), Morningstar.com reports. The firm had revenue of $33.51 million during the quarter. DavidsTea had a negative net margin of 16.76% and a negative return on equity of 4.33%.

DavidsTea stock opened at $1.30 on Friday. DavidsTea has a twelve month low of $1.07 and a twelve month high of $5.35.

An institutional investor recently bought a new position in DavidsTea stock. Federated Investors Inc. PA acquired a new stake in DavidsTea Inc (NASDAQ:DTEA) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $162,000. Federated Investors Inc. PA owned 0.23% of DavidsTea as of its most recent filing with the SEC. 2.16% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded shares of DavidsTea from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.

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DavidsTea Company Profile

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu’erh, mate, rooibos, and herbal tea categories.

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Earnings History for DavidsTea (NASDAQ:DTEA)

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