Equities analysts expect Culp, Inc. (NYSE:CULP) to post earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Culp’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.22. Culp reported earnings of $0.32 per share during the same quarter last year, which suggests a negative year over year growth rate of 34.4%. The business is scheduled to report its next earnings results on Thursday, November 29th.

On average, analysts expect that Culp will report full year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.31. For the next fiscal year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.42 to $1.71. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Culp.

Culp (NYSE:CULP) last issued its earnings results on Wednesday, August 29th. The textile maker reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $71.47 million during the quarter, compared to analysts’ expectations of $71.91 million. Culp had a return on equity of 10.56% and a net margin of 5.34%.

A number of analysts have recently weighed in on CULP shares. TheStreet upgraded Culp from a “c+” rating to a “b-” rating in a research note on Wednesday, June 6th. Stifel Nicolaus reduced their target price on Culp from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Zacks Investment Research upgraded Culp from a “strong sell” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, August 14th. Finally, ValuEngine upgraded Culp from a “sell” rating to a “hold” rating in a report on Monday, July 2nd.

Culp stock traded up $0.35 during mid-day trading on Friday, hitting $24.45. 25,300 shares of the company were exchanged, compared to its average volume of 23,100. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.33 and a quick ratio of 1.94. Culp has a 1-year low of $22.80 and a 1-year high of $34.05. The firm has a market capitalization of $292.39 million, a P/E ratio of 16.24 and a beta of 0.11.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be paid a $0.09 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.36 annualized dividend and a yield of 1.47%. Culp’s dividend payout ratio (DPR) is presently 24.16%.

In related news, Director Fred A. Jackson bought 5,000 shares of the business’s stock in a transaction dated Friday, June 29th. The stock was purchased at an average cost of $25.32 per share, for a total transaction of $126,600.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in CULP. Russell Investments Group Ltd. acquired a new position in Culp in the 1st quarter worth about $130,000. Keybank National Association OH boosted its position in shares of Culp by 16.7% during the 2nd quarter. Keybank National Association OH now owns 30,275 shares of the textile maker’s stock valued at $743,000 after purchasing an additional 4,325 shares in the last quarter. Citigroup Inc. bought a new stake in shares of Culp during the 1st quarter valued at about $135,000. MetLife Investment Advisors LLC bought a new stake in shares of Culp during the 1st quarter valued at about $143,000. Finally, Bank of New York Mellon Corp boosted its holdings in Culp by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 98,054 shares of the textile maker’s stock worth $2,406,000 after acquiring an additional 5,382 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

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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