Delta Apparel (NYSEAMERICAN:DLA) Updates Q4 Earnings Guidance

Delta Apparel (NYSEAMERICAN:DLA) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share guidance of $0.46-0.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.44. The company issued revenue guidance of $108 million, compared to the consensus revenue estimate of $105.73 million.

Several analysts have weighed in on the stock. Roth Capital upgraded shares of Delta Apparel from a neutral rating to a buy rating and set a $25.00 target price for the company in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Delta Apparel from a hold rating to a buy rating and set a $28.00 target price for the company in a research note on Tuesday, October 29th.

DLA stock traded up $1.13 during trading on Friday, hitting $26.56. 57,538 shares of the company’s stock traded hands, compared to its average volume of 24,260. Delta Apparel has a 52 week low of $16.11 and a 52 week high of $27.50.

About Delta Apparel

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle active wear apparel and related accessory products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It markets, distributes, manufactures, and sells unembellished knit apparel under the Soffe, Delta Platinum, Delta Pro Weight, and Delta Magnum Weight brands to various large licensed screen printers and small independent businesses.

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