Dixie Group (DXYN) Posts Quarterly Earnings Results, Misses Estimates By $0.13 EPS

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Dixie Group (NASDAQ:DXYN) posted its earnings results on Thursday. The textile maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.13), MarketWatch Earnings reports. The firm had revenue of $101.56 million for the quarter. Dixie Group had a negative net margin of 3.58% and a negative return on equity of 5.61%.

NASDAQ DXYN remained flat at $$0.94 on Friday. 70,746 shares of the company traded hands, compared to its average volume of 30,651. The stock has a market cap of $20.56 million, a price-to-earnings ratio of -13.43 and a beta of 0.33. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.85 and a current ratio of 2.70. Dixie Group has a 12 month low of $0.62 and a 12 month high of $4.30.

A hedge fund recently raised its stake in Dixie Group stock. Hodges Capital Management Inc. increased its stake in Dixie Group Inc (NASDAQ:DXYN) by 13.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,637,809 shares of the textile maker’s stock after acquiring an additional 191,500 shares during the quarter. Hodges Capital Management Inc. owned approximately 9.96% of Dixie Group worth $2,620,000 at the end of the most recent reporting period. 60.11% of the stock is currently owned by hedge funds and other institutional investors.

DXYN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Dixie Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine lowered 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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