Delta Apparel (NYSE:DLA) Upgraded at StockNews.com

StockNews.com upgraded shares of Delta Apparel (NYSE:DLAGet Rating) from a hold rating to a buy rating in a research note released on Wednesday morning.

DLA opened at $31.44 on Wednesday. Delta Apparel has a 12-month low of $24.10 and a 12-month high of $35.26. The stock’s fifty day moving average price is $29.53. The company has a market cap of $218.51 million, a P/E ratio of 9.20 and a beta of 1.52. The company has a quick ratio of 0.72, a current ratio of 2.42 and a debt-to-equity ratio of 0.80.

Delta Apparel (NYSE:DLAGet Rating) last issued its quarterly earnings data on Tuesday, February 8th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.21. Delta Apparel had a return on equity of 13.97% and a net margin of 5.09%. The company had revenue of $110.75 million for the quarter, compared to the consensus estimate of $109.00 million. On average, equities analysts forecast that Delta Apparel will post 3.46 EPS for the current fiscal year.

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.

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