Dixie Group (DXYN) Receives Daily Media Impact Score of 0.44
Media coverage about Dixie Group (NASDAQ:DXYN) has been trending positive on Monday, Alpha One Sentiment reports. The research firm, a unit of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dixie Group earned a news sentiment score of 0.44 on Alpha One’s scale. Alpha One also gave media stories about the textile maker an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Dixie Group (NASDAQ:DXYN) traded up 1.829% during midday trading on Monday, reaching $4.175. 920 shares of the company’s stock were exchanged. Dixie Group has a 1-year low of $3.15 and a 1-year high of $5.56. The firm’s 50-day moving average is $3.78 and its 200 day moving average is $3.61. The stock’s market cap is $65.43 million.
Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings results on Thursday, May 4th. The textile maker reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business had revenue of $97.50 million for the quarter, compared to the consensus estimate of $91.90 million. Dixie Group had a negative return on equity of 1.66% and a negative net margin of 0.77%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.25) EPS. Equities analysts anticipate that Dixie Group will post $0.14 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Dixie Group from a “strong sell” rating to a “hold” rating and set a $5.00 target price for the company in a research report on Friday, May 5th.
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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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