Delta Apparel (NYSEAMERICAN:DLA) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.580-0.600 for the period. The company issued revenue guidance of $108 million-$108 million, compared to the consensus revenue estimate of $98.10 million.
A number of research analysts have recently issued reports on DLA shares. TheStreet raised Delta Apparel from a d+ rating to a c- rating in a research note on Friday, February 26th. Zacks Investment Research upgraded Delta Apparel from a hold rating to a strong-buy rating and set a $32.00 price target on the stock in a research report on Thursday, April 22nd.
NYSEAMERICAN:DLA traded down $1.22 during midday trading on Tuesday, reaching $32.90. 207 shares of the stock traded hands, compared to its average volume of 27,886. The stock has a market capitalization of $229.48 million, a P/E ratio of -22.01 and a beta of 1.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 2.36. The company has a fifty day moving average of $21.19 and a 200 day moving average of $19.05. Delta Apparel has a 12 month low of $9.34 and a 12 month high of $34.61.
Delta Apparel (NYSEAMERICAN:DLA) last announced its quarterly earnings results on Sunday, February 7th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $94.72 million for the quarter, compared to analyst estimates of $94.10 million. Delta Apparel had a negative net margin of 2.78% and a negative return on equity of 6.22%. On average, analysts predict that Delta Apparel will post 1.55 EPS for the current fiscal year.
About Delta Apparel
Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It offers on-demand digitally printed apparel products under the DTG2Go brand; silhouettes and fleece products; performance shirts that keep athletes dry under the Delta Dri line brand; ringspun garments; Delta Soft apparel products; and mid- and heavier-weight tee shirts under the Delta Pro Weight and Magnum Weight brand names, as well as polos, outerwear, headwear, bags, and other accessories.
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