Zacks: Culp, Inc. (NYSE:CULP) Given Average Rating of “” by Brokerages
Shares of Culp, Inc. (NYSE:CULP) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a twelve-month consensus price objective of $38.00 for the company and are forecasting that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 194 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine cut Culp from a “buy” rating to a “hold” rating in a research note on Friday, June 9th.
Shares of Culp (NYSE CULP) traded down 0.36% during mid-day trading on Friday, reaching $28.05. The company had a trading volume of 25,634 shares. The firm has a 50 day moving average of $31.72 and a 200-day moving average of $32.17. Culp has a one year low of $26.80 and a one year high of $37.80. The stock has a market capitalization of $346.61 million, a P/E ratio of 15.76 and a beta of 0.23.
Culp (NYSE:CULP) last issued its quarterly earnings data on Tuesday, June 13th. The textile maker reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Culp had a return on equity of 17.87% and a net margin of 7.21%. The company had revenue of $77.35 million for the quarter, compared to analysts’ expectations of $76.32 million. Analysts forecast that Culp will post $2.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.14%. Culp’s dividend payout ratio is 17.88%.
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In other news, Chairman Robert G. Culp III sold 1,049 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $34.00, for a total transaction of $35,666.00. Following the transaction, the chairman now owns 101,294 shares of the company’s stock, valued at $3,443,996. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.50% of the company’s stock.
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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