News headlines about Culp (NYSE:CULP) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Culp earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 45.5369906911911 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
CULP has been the subject of several analyst reports. ValuEngine downgraded Culp from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded Culp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th.
Culp (CULP) traded down $0.60 on Wednesday, hitting $28.70. The stock had a trading volume of 12,499 shares, compared to its average volume of 16,245. The stock has a market cap of $363.11, a P/E ratio of 17.03 and a beta of 0.09. Culp has a 52 week low of $26.15 and a 52 week high of $34.50.
Culp (NYSE:CULP) last issued its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). The company had revenue of $80.70 million for 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%. sell-side analysts predict that Culp will post 1.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were issued a $0.09 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Culp’s previous quarterly dividend of $0.08. Culp’s dividend payout ratio (DPR) 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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