Brokerages expect Culp, Inc. (NYSE:CULP) to report earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Culp’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.22. Culp posted earnings per share of $0.32 during the same quarter last year, which would indicate a negative year over year growth rate of 34.4%. The company is scheduled to report its next earnings report on Thursday, November 29th.
On average, analysts expect that Culp will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.31. For the next fiscal year, analysts expect that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.42 to $1.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Culp.
Culp (NYSE:CULP) last issued its quarterly earnings data on Wednesday, August 29th. The textile maker reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $71.47 million for the quarter, compared to the consensus estimate of $71.91 million. Culp had a net margin of 5.34% and a return on equity of 10.56%.
Several research firms have recently commented on CULP. Zacks Investment Research raised Culp from a “strong sell” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, August 14th. Stifel Nicolaus cut their price objective on Culp from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 31st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Culp during the 1st quarter valued at $130,000. Citadel Advisors LLC acquired a new stake in Culp during the 2nd quarter valued at $234,000. The Manufacturers Life Insurance Company acquired a new stake in Culp during the 1st quarter valued at $260,000. California State Teachers Retirement System acquired a new stake in Culp during the 1st quarter valued at $510,000. Finally, Wells Fargo & Company MN acquired a new stake in Culp during the 1st quarter valued at $572,000. 85.96% of the stock is owned by institutional investors.
Shares of NYSE:CULP opened at $22.84 on Friday. The stock has a market capitalization of $287.01 million, a P/E ratio of 15.33 and a beta of 0.18. Culp has a fifty-two week low of $21.04 and a fifty-two week high of $34.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.82 and a current ratio of 3.33.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, September 28th. Culp’s payout ratio is presently 24.16%.
Culp Company Profile
Culp, Inc manufactures, 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 in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components.
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