Brokerages forecast that Culp, Inc. (NYSE:CULP) will post earnings per share of $0.16 for the current quarter, according to Zacks. Three analysts have issued estimates for Culp’s earnings, with estimates ranging from $0.15 to $0.17. Culp reported earnings per share of $0.20 during the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The company is scheduled to issue its next earnings results on Thursday, December 5th.

According to Zacks, analysts expect that Culp will report full-year earnings of $0.71 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.75. For the next year, analysts expect that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.90 to $1.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Culp.

Culp (NYSE:CULP) last released its quarterly earnings data on Thursday, September 5th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). Culp had a net margin of 2.02% and a return on equity of 3.50%. The business had revenue of $74.85 million during the quarter, compared to analyst estimates of $73.23 million.

A number of brokerages have weighed in on CULP. Raymond James reduced their target price on Culp from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, September 9th. Zacks Investment Research raised Culp from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, ValuEngine raised Culp from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st.

Shares of NYSE CULP remained flat at $$15.95 during trading hours on Tuesday. The stock had a trading volume of 21,823 shares, compared to its average volume of 33,731. The company’s 50 day simple moving average is $15.69 and its two-hundred day simple moving average is $17.13. Culp has a one year low of $13.09 and a one year high of $23.11. The company has a quick ratio of 2.02, a current ratio of 3.44 and a debt-to-equity ratio of 0.03. The company has a market cap of $194.01 million, a price-to-earnings ratio of 38.90 and a beta of 0.60.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, October 3rd. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. Culp’s dividend payout ratio is currently 97.56%.

In other news, Director Kenneth W. Mcallister bought 2,000 shares of Culp stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $15.26 per share, with a total value of $30,520.00. Corporate insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Culp during the third quarter valued at approximately $171,000. BW Gestao de Investimentos Ltda. increased its holdings in shares of Culp by 22.0% in the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 6,122 shares of the textile maker’s stock worth $100,000 after buying an additional 1,103 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Culp by 21.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 20,959 shares of the textile maker’s stock valued at $342,000 after purchasing an additional 3,706 shares during the last quarter. Rhumbline Advisers grew its holdings in Culp by 13.4% during the 3rd quarter. Rhumbline Advisers now owns 18,387 shares of the textile maker’s stock valued at $300,000 after purchasing an additional 2,166 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in Culp during the 3rd quarter valued at about $655,000. 85.71% of the stock is owned by institutional investors and hedge funds.

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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