Culp, Inc. (CULP) Expected to Post Earnings of $0.42 Per Share
Equities research analysts expect Culp, Inc. (NYSE:CULP) to announce earnings of $0.42 per share for the current quarter, according to Zacks. Three analysts have made estimates for Culp’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.45. Culp posted earnings per share of $0.47 during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.6%. The company is scheduled to announce its next earnings report on Tuesday, February 27th.
On average, analysts expect that Culp will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.63. For the next financial year, analysts anticipate that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.65 to $1.83. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Culp.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Culp from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine upgraded shares of Culp from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 29th. This is an increase from Culp’s previous quarterly dividend of $0.08. Culp’s dividend payout ratio (DPR) is currently 18.60%.
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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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