Delta Apparel (NYSEAMERICAN:DLA) Releases Q3 2021 Earnings Guidance

Delta Apparel (NYSEAMERICAN:DLA) updated its third quarter 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.900-$ for the period, compared to the Thomson Reuters consensus estimate of $0.620. The company issued revenue guidance of $118 million-$118 million, compared to the consensus revenue estimate of $108 million.

Separately, Zacks Investment Research raised shares of Delta Apparel from a hold rating to a strong-buy rating and set a $36.00 price target on the stock in a research note on Monday.

DLA traded up $0.06 during trading on Thursday, reaching $31.71. The company’s stock had a trading volume of 1 shares, compared to its average volume of 17,800. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.58 and a quick ratio of 0.93. The stock has a fifty day simple moving average of $21.43. Delta Apparel has a 1 year low of $12.21 and a 1 year high of $35.26.

Delta Apparel (NYSEAMERICAN:DLA) last released its earnings results on Wednesday, May 5th. The textile maker reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Delta Apparel had a negative net margin of 1.92% and a negative return on equity of 4.55%. The business had revenue of $108.63 million for the quarter, compared to analyst estimates of $108.20 million. On average, equities analysts anticipate that Delta Apparel will post 2.39 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Delta Apparel stock. Morgan Stanley increased its position in shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) by 24,022.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,171 shares of the textile maker’s stock after buying an additional 2,162 shares during the quarter. Morgan Stanley’s holdings in Delta Apparel were worth $59,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Delta Apparel Company Profile

Delta Apparel, Inc engages in the design, merchandise, and marketing of lifestyle branded active wear apparel and headwear. It operates through the segments Delta Group and Salt Life Group segments. The Delta Group segment comprises of the business units DTG2Go, Delta Activewear, and Soffe, which are primarily focused on core activewear styles.

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