Culp, Inc. (CULP) Expected to Post Quarterly Sales of $75.74 Million
Equities analysts expect that Culp, Inc. (NYSE:CULP) will post $75.74 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Culp’s earnings. The lowest sales estimate is $75.56 million and the highest is $76.09 million. Culp posted sales of $75.34 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.5%. The business is expected to report its next earnings results on Thursday, December 7th.
On average, analysts expect that Culp will report full-year sales of $75.74 million for the current year, with estimates ranging from $310.70 million to $313.89 million. For the next financial year, analysts forecast that the business will report sales of $321.84 million per share, with estimates ranging from $320.48 million to $323.99 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Culp.
Culp (NYSE:CULP) opened at 31.35 on Wednesday. Culp has a one year low of $26.80 and a one year high of $37.80. The stock has a market cap of $387.39 million, a P/E ratio of 17.61 and a beta of 0.25. The firm’s 50-day moving average is $30.11 and its 200 day moving average is $31.31.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.32 annualized dividend and a yield of 1.02%. Culp’s dividend payout ratio is presently 18.18%.
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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