Culp (CFI) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Culp (NYSE:CFI) posted its quarterly earnings results on Thursday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02, American Banking and Market News reports. The company had revenue of $76.10 million for the quarter, compared to the consensus estimate of $74.40 million. During the same quarter in the prior year, the company posted $0.38 earnings per share.
Shares of Culp (NYSE:CFI) traded up 2.00% on Thursday, hitting $18.83. The stock had a trading volume of 64,079 shares. Culp has a one year low of $17.06 and a one year high of $21.10. The stock’s 50-day moving average is $17.84 and its 200-day moving average is $18.4. The company has a market cap of $230.7 million and a P/E ratio of 13.09.
A number of research firms have recently commented on CFI. Analysts at Stifel Nicolaus initiated coverage on shares of Culp in a research note on Friday, August 22nd. They set a “buy” rating and a $21.00 price target on the stock. Analysts at Zacks upgraded shares of Culp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $17.80 price target on the stock.
Culp, Inc manufactures, sources, and markets mattress fabrics used for covering mattresses, box springs, and foundations and upholstery fabrics primarily for use in production of upholstered furniture.
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