Delta Apparel (NYSEAMERICAN:DLA) Posts Quarterly Earnings Results, Beats Expectations By $0.68 EPS

Delta Apparel (NYSEAMERICAN:DLAGet Rating) issued its quarterly earnings results on Tuesday. The textile maker reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.68, MarketWatch Earnings reports. Delta Apparel had a net margin of 4.65% and a return on equity of 13.35%.

DLA stock opened at $31.44 on Thursday. Delta Apparel has a 12-month low of $24.10 and a 12-month high of $35.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.30 and a quick ratio of 0.77. The company has a market capitalization of $218.48 million, a price-to-earnings ratio of 11.03 and a beta of 1.61.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Delta Apparel by 2.8% in the 4th quarter. Bank of America Corp DE now owns 57,486 shares of the textile maker’s stock worth $1,710,000 after buying an additional 1,550 shares in the last quarter. Morgan Stanley lifted its position in Delta Apparel by 24,022.2% in the 1st quarter. Morgan Stanley now owns 2,171 shares of the textile maker’s stock worth $59,000 after buying an additional 2,162 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Delta Apparel during the 4th quarter valued at $306,000. Institutional investors own 56.96% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Delta Apparel from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Thursday, April 14th.

About Delta Apparel (Get Rating)

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 heritage, 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.

Further Reading

Earnings History for Delta Apparel (NYSEAMERICAN:DLA)

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