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.
ILLEGAL ACTIVITY NOTICE: “DavidsTea (NASDAQ:DTEA) Announces Earnings Results, Misses Estimates By $0.09 EPS” was published by Modern Readers and is the property of of Modern Readers. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.modernreaders.com/news/2018/12/30/davidstea-dtea-releases-quarterly-earnings-results.html.
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.
Recommended Story: Should I invest in “strong buy” stocks?
Receive News & Ratings for DavidsTea Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DavidsTea and related companies with MarketBeat.com’s FREE daily email newsletter.