The Dixie Group (DXYN) Earns Media Sentiment Rating of 0.36
News headlines about The Dixie Group (NASDAQ:DXYN) have been trending positive on Friday, according to Alpha One. The research firm, a unit of Accern, scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Dixie Group earned a daily sentiment score of 0.36 on Alpha One’s scale. Alpha One also gave headlines about the textile maker an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
The Dixie Group (DXYN) traded down 2.20% during mid-day trading on Friday, hitting $4.45. 29,564 shares of the stock traded hands. The company’s 50 day moving average price is $4.23 and its 200-day moving average price is $3.71. The stock’s market cap is $69.74 million. The Dixie Group has a 1-year low of $3.15 and a 1-year high of $5.56.
The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings data on Thursday, May 4th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $91.90 million. The Dixie Group had a negative net margin of 0.27% and a negative return on equity of 0.81%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.25) earnings per share. Analysts predict that The Dixie Group will post $0.14 earnings per share for the current year.
Separately, Zacks Investment Research raised shares of The Dixie Group from a “strong sell” rating to a “hold” rating and set a $5.00 price target on the stock in a research report on Friday, May 5th.
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The 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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