Favorable Media Coverage Extremely Likely to Impact The Dixie Group (NASDAQ:DXYN) Share Price
News stories about The Dixie Group (NASDAQ:DXYN) have trended positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Dixie Group earned a coverage optimism score of 0.41 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- BRIEF-Dixie Group Inc – has purchased yarn manufacturing assets of former Royalty Carpet Mills (DXYN) (markets.businessinsider.com)
- The Dixie Group Announces Lease of Royalty Carpet Mills Yarn Facility (finance.yahoo.com)
- ETFs with exposure to The Dixie Group, Inc. : July 12, 2017 (finance.yahoo.com)
- Analysts See $1.48 EPS for Digital Realty Trust, Inc. (DLR) (journaldumaghreb.com)
- HEALTH BRIEFS: Week of July 10 (oaoa.com)
Separately, Zacks Investment Research upgraded The Dixie Group from a “strong sell” rating to a “hold” rating and set a $5.00 price objective for the company in a report on Friday, May 5th.
The Dixie Group (NASDAQ:DXYN) opened at 4.45 on Friday. The stock has a 50 day moving average price of $4.31 and a 200 day moving average price of $3.77. The Dixie Group has a one year low of $3.15 and a one year high of $5.56. The company’s market cap is $69.74 million.
The Dixie Group (NASDAQ:DXYN) last posted its earnings results on Thursday, May 4th. The textile maker reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. The Dixie Group had a negative net margin of 0.27% and a negative return on equity of 0.81%. The company had revenue of $97.50 million for the quarter, compared to analyst estimates of $91.90 million. During the same quarter in the prior year, the business posted ($0.25) EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that The Dixie Group will post $0.14 EPS for the current fiscal year.
About The Dixie Group
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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