Culp, Inc. (CULP) Receives Average Rating of “Buy” from Analysts
Shares of Culp, Inc. (NYSE:CULP) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price target of $35.00 for the company and are expecting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 89 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on CULP. ValuEngine upgraded shares of Culp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Culp from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th.
Culp (NYSE:CULP) last announced its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Culp had a net margin of 6.85% and a return on equity of 14.14%. The company had revenue of $80.70 million for the quarter, compared to the consensus estimate of $75.74 million. equities analysts expect that Culp will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.09 per share. This is a positive change from Culp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.13%. Culp’s dividend payout ratio (DPR) is presently 20.93%.
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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