Zacks: Brokerages Anticipate Culp, Inc. (CULP) Will Announce Earnings of $0.42 Per Share

Brokerages expect Culp, Inc. (NYSE:CULP) to report $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Culp’s earnings, with estimates ranging from $0.37 to $0.45. Culp reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year over year growth rate of 10.6%. The firm is scheduled to announce its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Culp will report full year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.48 to $1.63. For the next year, analysts expect that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.65 to $1.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Culp.

Culp (NYSE:CULP) last posted its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $80.70 million during the quarter, compared to analyst estimates of $75.74 million. Culp had a return on equity of 14.14% and a net margin of 6.85%.

A number of brokerages have weighed in on CULP. ValuEngine raised shares of Culp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Culp from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st.

Culp (CULP) traded down $0.50 during mid-day trading on Monday, reaching $29.20. 17,304 shares of the company traded hands, compared to its average volume of 16,511. The firm has a market capitalization of $369.33, a P/E ratio of 16.98 and a beta of 0.09. Culp has a 1-year low of $26.15 and a 1-year high of $34.50.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.23%. This is an increase from Culp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, December 29th. Culp’s dividend payout ratio is presently 20.93%.

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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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