Somewhat Favorable Media Coverage Somewhat Unlikely to Affect The Dixie Group (DXYN) Share Price
Headlines about The Dixie Group (NASDAQ:DXYN) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Dixie Group earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 47.5374764645853 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Head to Head Analysis: The Dixie Group (DXYN) & Mohawk Industries (MHK) (americanbankingnews.com)
- The Dixie Group, Inc. (NASDAQ:DXYN) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- The Dixie Group, Inc. :DXYN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- The Dixie Group, Inc. (NASDAQ:DXYN) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
Separately, Zacks Investment Research upgraded shares of The Dixie Group from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Tuesday, July 18th.
The Dixie Group (DXYN) traded up 7.23% on Monday, hitting $4.45. 5,861 shares of the stock were exchanged. The company’s market cap is $69.89 million. The company’s 50-day moving average is $4.37 and its 200-day moving average is $3.93. The Dixie Group has a 52 week low of $3.20 and a 52 week high of $5.56.
The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.08 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $107.60 million. During the same period last year, the business earned $0.12 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that The Dixie Group will post $0.18 earnings per share for the current year.
WARNING: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-the-dixie-group-dxyn-share-price/1487225.html.
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.
Receive News & Ratings for The Dixie Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Dixie Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.