Dixie Group Inc (DXYN) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Dixie Group Inc (DXYN) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $-0.15. The company posted revenue of $89.23 million in the period, compared to analysts expectations of $91.40 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

Dixie Group Inc (DXYN) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $4.57 and reached the intraday high at $4.89. The bulls started the profit booking and pushed the shares to intraday low of $4.46. The trading session was marked by a volume range of 20,572 shares exchanging hands. The 52-week high of the shares is $11.5 and the 52-week low is $3.25. The market cap of the company stands at $76 M and there are 1,60,06,966 shares in public circulation.

In a different news, on May 3, 2016, William F Jr Blue (director) purchased 877 shares at $4.72 per share price. According to the SEC, on Nov 19, 2015, Lowry F Kline (director) purchased 6,000 shares at $5.14 per share price. On Aug 7, 2015, Paul B Comiskey (VP-President Dixie Residential) sold 11,242 shares at $10.88 per share price, according to the Form-4 filing with the securities and exchange commission.

The Dixie Group Inc. (Dixie Group) is engaged in marketing manufacturing and selling carpets and rugs to residential and commercial customers through its various sales forces and brands. A portion of its manufacturing capacity is used to provide carpet and yarn related services to other manufacturers. The Company’s business is concentrated in areas of the soft floorcovering markets which involves styling design color quality and service as well as limited distribution. Its Fabrica Masland and Dixie Home brands have presence in the residential soft floorcovering markets. Its Atlas Carpet Mills Masland Contract brand and Masland Hospitality participate in the upper end specified commercial marketplace. Dixie International sells all of its brands outside of the North American market. The Company organizes its carpet and rug manufacturing business across its brand divisions.

Dixie Group Inc

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