Headlines about The Dixie Group (NASDAQ:DXYN) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Dixie Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 47.4473998736083 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of The Dixie Group (NASDAQ:DXYN) opened at 4.00 on Friday. The stock’s market capitalization is $62.82 million. The company has a 50-day moving average of $4.34 and a 200 day moving average of $3.95. The Dixie Group has a 12-month low of $3.20 and a 12-month high of $5.56.
The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Thursday, August 3rd. The textile maker reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $107.20 million for the quarter, compared to analyst estimates of $107.60 million. The Dixie Group had a negative return on equity of 1.62% and a negative net margin of 0.41%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Analysts predict that The Dixie Group will post $0.18 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of The Dixie Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.
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The Dixie Group Company Profile
The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.
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