Culp (NYSE:CULP) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of Culp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st.

Culp (CULP) opened at $32.60 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.44 and a quick ratio of 1.11. Culp has a 12-month low of $26.15 and a 12-month high of $37.80. The stock has a market cap of $400.61, a P/E ratio of 17.60 and a beta of 0.27.

Culp (NYSE:CULP) last issued its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Culp had a return on equity of 15.89% and a net margin of 7.14%. The firm had revenue of $79.53 million during the quarter, compared to analysts’ expectations of $80.01 million. research analysts forecast that Culp will post 1.59 earnings per share for the current year.

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Culp Company Profile

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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