Dixie Group (DXYN) Issues Quarterly Earnings Results

Dixie Group (NASDAQ:DXYN) posted its 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 net margin of 3.58% and a negative return on equity of 5.61%. The business had revenue of $101.56 million for the quarter.

NASDAQ:DXYN remained flat at $$0.94 during mid-day trading on Friday. 70,746 shares of the company’s stock traded hands, compared to its average volume of 30,651. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.70 and a quick ratio of 0.85. Dixie Group has a 52-week low of $0.62 and a 52-week high of $4.30. The stock has a market cap of $20.56 million, a P/E ratio of -13.43 and a beta of 0.33.

A hedge fund recently raised its stake in Dixie Group stock. Russell Investments Group Ltd. raised its holdings in shares of Dixie Group Inc (NASDAQ:DXYN) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,420 shares of the textile maker’s stock after acquiring an additional 26,600 shares during the quarter. Russell Investments Group Ltd. owned approximately 3.84% of Dixie Group worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission. 60.11% of the stock is owned by institutional investors.

Several equities analysts have weighed in on DXYN shares. Zacks Investment Research upgraded shares of Dixie Group from a “sell” rating to a “hold” rating in a report on Monday, September 17th. 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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About Dixie Group

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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Earnings History for Dixie Group (NASDAQ:DXYN)

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