Dixie Group (DXYN) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS
Dixie Group (NASDAQ:DXYN) issued its quarterly earnings data on Thursday. The textile maker reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.13), MarketWatch Earnings reports. The firm had revenue of $101.56 million for the quarter. Dixie Group had a negative net margin of 3.58% and a negative return on equity of 5.61%.
NASDAQ:DXYN remained flat at $$0.94 during mid-day trading on Friday. 70,746 shares of the company traded hands, compared to its average volume of 30,651. The stock has a market capitalization of $20.56 million, a PE ratio of -13.43 and a beta of 0.33. Dixie Group has a 12 month low of $0.62 and a 12 month high of $4.30. The company has a current ratio of 2.70, a quick ratio of 0.85 and a debt-to-equity ratio of 1.70.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Dixie Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine cut shares of Dixie Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.
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Dixie Group Company Profile
The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.
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