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.

An institutional investor recently raised its position in Dixie Group stock. Russell Investments Group Ltd. lifted its position in shares of Dixie Group Inc (NASDAQ:DXYN) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 630,420 shares of the textile maker’s stock after purchasing an additional 26,600 shares during the quarter. Russell Investments Group Ltd. owned 3.84% of Dixie Group worth $1,450,000 as of its most recent SEC filing. Institutional investors and hedge funds own 60.11% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Dixie Group (DXYN) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS” was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://theolympiareport.com/2018/11/10/dixie-group-dxyn-announces-quarterly-earnings-results-misses-estimates-by-0-13-eps.html.

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.

Featured Article: What is Cost of Capital?

Earnings History for Dixie Group (NASDAQ:DXYN)

Receive News & Ratings for Dixie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dixie Group and related companies with MarketBeat.com's FREE daily email newsletter.