Culp (CULP) Stock Rating Upgraded by ValuEngine

Culp (NYSE:CULP) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded Culp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st.

Culp (NYSE CULP) traded up $0.50 on Friday, hitting $32.60. The stock had a trading volume of 15,449 shares, compared to its average volume of 16,574. The company has a market capitalization of $405.58, a PE ratio of 19.40 and a beta of 0.29. The company has a current ratio of 2.44, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Culp has a 1-year low of $26.15 and a 1-year high of $37.80.

Culp (NYSE:CULP) last released its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The firm had revenue of $79.53 million for the quarter, compared to the consensus estimate of $80.01 million. Culp had a net margin of 6.85% and a return on equity of 14.29%. analysts anticipate that Culp will post 1.59 earnings per share for the current year.

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About Culp

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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