Zacks: Culp, Inc. (CULP) Given Average Rating of “Buy” by Brokerages

Culp, Inc. (NYSE:CULP) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 1 year consensus target price of $34.50 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 205 out of 265 based on the ratings given to its competitors.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Culp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Culp from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, TheStreet downgraded shares of Culp from a “b” rating to a “c+” rating in a report on Wednesday, February 28th.

Shares of Culp (CULP) opened at $31.30 on Tuesday. The company has a market cap of $385.95, a price-to-earnings ratio of 27.22 and a beta of 0.23. Culp has a one year low of $26.15 and a one year high of $34.05.

Culp (NYSE:CULP) last announced its quarterly earnings results on Wednesday, February 28th. The textile maker reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). The business had revenue of $85.31 million for the quarter, compared to the consensus estimate of $78.56 million. Culp had a net margin of 4.46% and a return on equity of 13.50%. equities analysts forecast that Culp will post 1.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, March 29th. Culp’s dividend payout ratio is 31.30%.

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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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