Press coverage about Culp (NYSE:CULP) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 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 coverage optimism score of 0.04 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 45.6360653472034 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Shares of CULP opened at $31.10 on Wednesday. Culp has a 1-year low of $26.15 and a 1-year high of $34.05. The stock has a market cap of $384.08, a price-to-earnings ratio of 15.63 and a beta of 0.16.
Culp (NYSE:CULP) last announced its quarterly earnings results on Wednesday, February 28th. The textile maker reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). Culp had a net margin of 4.46% and a return on equity of 13.46%. The company had revenue of $85.31 million for the quarter, compared to analyst estimates of $78.56 million. equities research analysts anticipate that Culp will post 1.72 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Monday, April 2nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, March 29th. Culp’s dividend payout ratio is presently 18.09%.
CULP has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Culp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Culp from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, January 31st. Finally, TheStreet cut shares of Culp from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th.
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Culp, Inc manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates through two segments, Mattress Fabrics and Upholstery Fabrics.
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