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StockNews.com Upgrades Delta Apparel (NYSE:DLA) to Hold

Defense World ·  Feb 4, 2023 02:11

Delta Apparel (NYSE:DLA – Get Rating) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

Delta Apparel Stock Up 0.4 %

Shares of NYSE DLA opened at $11.76 on Thursday. The stock has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $16.03. Delta Apparel has a 12 month low of $9.66 and a 12 month high of $33.40. The company has a current ratio of 2.35, a quick ratio of 0.54 and a debt-to-equity ratio of 0.84. The company has a market cap of $82.33 million, a price-to-earnings ratio of 4.22 and a beta of 1.46.

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Delta Apparel (NYSE:DLA – Get Rating) last released its quarterly earnings data on Thursday, November 17th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.65). Delta Apparel had a return on equity of 11.20% and a net margin of 4.07%. The company had revenue of $115.54 million for the quarter, compared to analyst estimates of $117.80 million. As a group, analysts forecast that Delta Apparel will post -0.35 earnings per share for the current fiscal year.

About Delta Apparel

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

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