Culp (NYSE:CULP) issued its quarterly earnings results on Wednesday. The textile maker reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06), Bloomberg Earnings reports. The company had revenue of $85.31 million during the quarter, compared to analysts’ expectations of $78.56 million. Culp had a return on equity of 14.14% and a net margin of 6.85%.
Shares of Culp (NYSE CULP) traded up $1.04 during trading on Thursday, reaching $28.84. The company had a trading volume of 7,884 shares, compared to its average volume of 16,924. Culp has a fifty-two week low of $26.15 and a fifty-two week high of $34.05. The company has a market cap of $365.60, a PE ratio of 16.89 and a beta of 0.09.
A number of brokerages recently weighed in on CULP. Zacks Investment Research downgraded shares of Culp from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. ValuEngine downgraded shares of Culp from a “buy” rating to a “hold” rating in a report on Thursday, November 9th.
ILLEGAL ACTIVITY WARNING: “Culp (CULP) Posts Earnings Results, Misses Estimates By $0.06 EPS” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3230641/culp-culp-posts-earnings-results-misses-estimates-by-0-06-eps.html.
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.
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.