Brokerages Anticipate Culp, Inc. (CULP) to Post $0.42 Earnings Per Share
Culp, Inc. (NYSE:CULP) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12-month 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 assigned Culp an industry rank of 184 out of 265 based on the ratings given to its competitors.
CULP has been the topic of a number of research analyst reports. Zacks Investment Research raised Culp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 31st. ValuEngine raised Culp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
Culp (NYSE:CULP) last released its quarterly earnings results on Thursday, November 30th. The textile maker reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). The business had revenue of $80.70 million for 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%. equities research analysts predict that Culp will post 1.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.09 per share. The ex-dividend date was Friday, December 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from Culp’s previous quarterly dividend of $0.08. Culp’s dividend payout ratio (DPR) is currently 20.93%.
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.
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.