Dixie Group (DXYN) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS
Dixie Group (NASDAQ:DXYN) issued its quarterly earnings results on Thursday. The textile maker reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.13), MarketWatch Earnings reports. Dixie Group had a negative return on equity of 5.61% and a negative net margin of 3.58%. The business had revenue of $101.56 million during the quarter.
Shares of NASDAQ DXYN remained flat at $$0.94 during midday trading on Friday. 70,746 shares of the stock were exchanged, compared to its average volume of 30,651. The firm has a market cap of $20.56 million, a PE ratio of -13.43 and a beta of 0.33. Dixie Group has a twelve month low of $0.62 and a twelve month high of $4.30. The company has a quick ratio of 0.85, a current ratio of 2.70 and a debt-to-equity ratio of 1.70.
DXYN has been the topic of several research reports. Zacks Investment Research upgraded shares of Dixie Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine downgraded shares of Dixie Group from a “hold” rating to a “sell” rating in a report 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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