Revenue Update on Delta Apparel(AMEX:DLA)

Delta Apparel(AMEX:DLA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Nov 29, 2016. Company reported revenue of $114.37M. Analysts estimated a revenue of $114.41M. The revenues were $-44.00K or NaN% below the estimates. Earnings per share were $0.40.

Delta Apparel (DLA) shares turned negative on Tuesdays trading session with the shares closing down -0.73 points or -3.54% at a volume of 30,997. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.83. The peak price level was also seen at $20.83 while the days lowest was $19.62. Finally the shares closed at $19.92. The 52-week high of the shares is $25.519 while the 52-week low is $11.6111. According to the latest information available, the market cap of the company is $154 M.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2015, Robert W Humphreys (Chairman and CEO) purchased 1,366 shares at $9.35 per share price.Also, On Mar 11, 2015, Sam Pina Cortez (director) purchased 600 shares at $9.11 per share price.On Mar 10, 2015, Deborah H Merrill (CFO) purchased 5,500 shares at $8.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Delta Apparel Inc. is an apparel design marketing manufacturing and sourcing company. The Company offers a portfolio of lifestyle basics and branded activewear apparel and headwear. The Company operates through two segments: branded and basics. The Company’s branded segment consists of its business units which are focused on specialized apparel garments and headwear including its Salt Life Junkfood and Soffe business. Its basics segment consists of its business units primarily focused on garment styles. The basics segment includes its Delta Activewear which includes Delta Catalog and FunTees and Art Gun business units. It sells casual and athletic products through a range of distribution channels and distribution tiers including specialty stores boutiques department stores mid and mass channels e-retailers and the United Stated military. It also offers products through its Websites at www.saltlife.com www.soffe.com www.junkfoodclothing.com and www.deltaapparel.com.

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