Equities analysts expect that Culp, Inc. (NYSE:CULP) will post $78.56 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Culp’s earnings. The lowest sales estimate is $77.92 million and the highest is $79.45 million. Culp posted sales of $76.17 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The business is expected to report its next earnings results on Tuesday, February 27th.

On average, analysts expect that Culp will report full-year sales of $78.56 million for the current year, with estimates ranging from $317.05 million to $320.43 million. For the next financial year, analysts forecast that the business will report sales of $327.32 million per share, with estimates ranging from $324.63 million to $330.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Culp.

Culp (NYSE:CULP) last issued its quarterly earnings results on Thursday, November 30th. The textile maker reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The business had revenue of $80.70 million for the quarter, compared to analyst estimates of $75.74 million. Culp had a return on equity of 14.14% and a net margin of 6.85%.

A number of equities analysts have recently commented on CULP shares. Zacks Investment Research upgraded shares of Culp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, January 31st. ValuEngine upgraded shares of Culp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

Culp (NYSE CULP) opened at $29.30 on Wednesday. The company has a market cap of $369.33, a price-to-earnings ratio of 17.03 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.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a $0.09 dividend. This is a positive change from Culp’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 29th. This represents a $0.36 annualized dividend and a yield of 1.23%. Culp’s payout ratio is presently 20.93%.

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About Culp

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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