Brokerages Anticipate Culp, Inc. (CULP) to Post $0.42 EPS
Shares of Culp, Inc. (NYSE:CULP) have received an average 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 issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price target of $35.00 for the company and are forecasting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 187 out of 265 based on the ratings given to its competitors.
A number of research firms have weighed in on CULP. Zacks Investment Research cut shares of Culp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. ValuEngine cut shares of Culp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. This is a boost from Culp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 29th. Culp’s payout ratio is presently 18.71%.
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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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