Press coverage about DavidsTea (NASDAQ:DTEA) has trended positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DavidsTea earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
A number of research firms recently issued reports on DTEA. Zacks Investment Research downgraded shares of DavidsTea from a “hold” rating to a “sell” rating in a report on Friday, March 24th. BMO Capital Markets reissued a “hold” rating and issued a $9.00 price objective on shares of DavidsTea in a report on Thursday, April 13th. Finally, Lake Street Capital downgraded shares of DavidsTea from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $8.00 in a report on Thursday, April 13th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.00.
DavidsTea (NASDAQ:DTEA) traded up 0.81% during midday trading on Friday, reaching $6.20. 24,136 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $6.64 and its 200 day moving average is $7.50. DavidsTea has a 52 week low of $6.03 and a 52 week high of $14.30.
DavidsTea (NASDAQ:DTEA) last released its quarterly earnings data on Wednesday, April 12th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.07. DavidsTea had a return on equity of 8.29% and a net margin of 4.12%. The company had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $85.74 million. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts anticipate that DavidsTea will post $0.07 EPS for the current year.
DavidsTea Company Profile
DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.
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