Delta Apparel (NYSEAMERICAN:DLA) Updates Q4 Earnings Guidance

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Delta Apparel (NYSEAMERICAN:DLA) issued an update on its fourth quarter earnings guidance on Friday morning. 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.

Shares of DLA stock traded up $1.13 during trading on Friday, reaching $26.56. 57,538 shares of the company’s stock were exchanged, compared to its average volume of 24,260. Delta Apparel has a twelve month low of $16.11 and a twelve month high of $27.50.

A number of research analysts recently weighed in on DLA shares. Roth Capital raised Delta Apparel from a neutral rating to a buy rating and set a $25.00 target price on the stock in a report on Thursday, August 1st. Zacks Investment Research raised Delta Apparel from a hold rating to a buy rating and set a $28.00 target price on the stock in a report on Tuesday, October 29th.

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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