Zacks: Culp, Inc. (CULP) Given Average Rating of “Buy” by Brokerages
Shares of Culp, Inc. (NYSE:CULP) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover 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.
Analysts have set a one year consensus target price of $35.00 for the company and are expecting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 187 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 up 5.04% during trading on Friday, hitting $30.20. 76,972 shares of the company traded hands. The company has a 50-day moving average of $28.74 and a 200-day moving average of $31.34. Culp has a 52-week low of $26.80 and a 52-week high of $37.80. The stock has a market capitalization of $373.18 million, a PE ratio of 16.97 and a beta of 0.25.
Culp (NYSE:CULP) last posted its earnings results on Tuesday, June 13th. The textile maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $77.35 million during the quarter, compared to analysts’ expectations of $76.32 million. Culp had a return on equity of 15.89% and a net margin of 7.14%. Equities analysts expect that Culp will post $1.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, September 29th. Culp’s payout ratio is 18.18%.
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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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