Dixie Group (DXYN) Announces Earnings Results, Misses Estimates By $0.09 EPS
Dixie Group (NASDAQ:DXYN) announced its earnings results on Thursday. The textile maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09), Morningstar.com reports. Dixie Group had a negative return on equity of 1.32% and a negative net margin of 2.32%. The firm had revenue of $105.08 million for the quarter, compared to the consensus estimate of $104.50 million.
Dixie Group (NASDAQ DXYN) opened at $2.75 on Friday. Dixie Group has a 52 week low of $2.70 and a 52 week high of $5.20. The firm has a market cap of $45.19, a price-to-earnings ratio of -4.58 and a beta of 0.37. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.81 and a current ratio of 2.61.
A number of brokerages recently weighed in on DXYN. ValuEngine downgraded shares of Dixie Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Dixie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th.
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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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