Positive Press Coverage Somewhat Unlikely to Affect The Dixie Group (DXYN) Stock Price

Headlines about The Dixie Group (NASDAQ:DXYN) have trended positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.28 on Accern’s scale. Accern also assigned media stories about the textile maker an impact score of 45.5641262197452 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of research firms have recently commented on DXYN. ValuEngine cut shares of The Dixie Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Zacks Investment Research cut shares of The Dixie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th.

The Dixie Group (NASDAQ DXYN) remained flat at $4.05 on Tuesday. The company’s stock had a trading volume of 34,345 shares. The Dixie Group has a 12 month low of $3.20 and a 12 month high of $5.56. The stock has a 50 day moving average price of $4.14 and a 200 day moving average price of $4.04. The stock’s market cap is $63.61 million.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The Dixie Group had a negative return on equity of 1.62% and a negative net margin of 0.41%. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $107.60 million. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts expect that The Dixie Group will post $0.18 EPS for the current fiscal year.

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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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