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.

Shares of Culp (NYSE:CULP) opened at $33.50 on Friday. Culp has a one year low of $26.15 and a one year high of $37.75. The firm has a market cap of $416.58, a PE ratio of 19.59 and a beta of 0.25.

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%.

COPYRIGHT VIOLATION NOTICE: This news story was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://theolympiareport.com/2017/12/30/brokerages-anticipate-culp-inc-culp-to-post-0-42-eps.html.

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.

Get a free copy of the Zacks research report on Culp (CULP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.