Culp, Inc. (NYSE:CULP) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12-month consensus target price of $35.00 for the company and are forecasting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 120 out of 265 based on the ratings given to related companies.
Several research firms have recently weighed in on CULP. Zacks Investment Research raised Culp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine raised Culp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
Culp (CULP) traded down $1.00 during midday trading on Monday, hitting $29.70. The stock had a trading volume of 19,746 shares, compared to its average volume of 15,314. The firm has a market cap of $381.76, a price-to-earnings ratio of 17.27 and a beta of 0.09. Culp has a fifty-two week low of $26.15 and a fifty-two week high of $34.50.
Culp (NYSE:CULP) last released its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $80.70 million during the quarter, compared to analyst estimates of $75.74 million. Culp had a net margin of 6.85% and a return on equity of 14.14%. research analysts forecast that Culp will post 1.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a dividend of $0.09 per share. The ex-dividend date was Friday, December 29th. This is a positive change from Culp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.21%. Culp’s payout ratio is 20.93%.
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Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture.
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