Culp, Inc. (CULP) Given $34.50 Average Target Price by Analysts

Shares of Culp, Inc. (NYSE:CULP) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a twelve-month consensus target price of $34.50 for the company and are predicting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 220 out of 265 based on the ratings given to related companies.

How to Become a New Pot Stock Millionaire

CULP has been the topic of several analyst reports. Zacks Investment Research upgraded Culp from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, February 20th. ValuEngine upgraded Culp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, TheStreet cut Culp from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th.

Shares of Culp (NYSE CULP) traded down $1.00 during trading on Tuesday, reaching $30.25. The company had a trading volume of 13,814 shares, compared to its average volume of 15,839. The stock has a market capitalization of $376.61, a price-to-earnings ratio of 26.30 and a beta of 0.23. Culp has a 52 week low of $26.15 and a 52 week high of $34.05.

Culp (NYSE:CULP) last issued its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.06). Culp had a return on equity of 13.46% and a net margin of 4.46%. The business had revenue of $85.31 million during the quarter, compared to analysts’ expectations of $78.56 million. equities research analysts expect that Culp will post 1.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, March 29th. Culp’s dividend payout ratio is presently 31.30%.

COPYRIGHT VIOLATION NOTICE: This report was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3300208/culp-inc-culp-given-34-50-average-target-price-by-analysts.html.

About Culp

Culp, Inc manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates through two segments, Mattress Fabrics and Upholstery Fabrics.

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.

Latest News

EPAM Systems  Raised to Buy at Zacks Investment Research
EPAM Systems Raised to Buy at Zacks Investment Research
VirnetX   Shares Down 6.3%
VirnetX Shares Down 6.3%
Cleveland-Cliffs   Shares Down 6%
Cleveland-Cliffs Shares Down 6%
Brokerages Expect Badger Meter  to Announce $0.40 EPS
Brokerages Expect Badger Meter to Announce $0.40 EPS
Somewhat Positive Press Coverage Somewhat Unlikely to Affect Citrix Systems  Stock Price
Somewhat Positive Press Coverage Somewhat Unlikely to Affect Citrix Systems Stock Price
Scripps Networks Interactive  Receives Daily News Impact Score of 0.12
Scripps Networks Interactive Receives Daily News Impact Score of 0.12


© 2006-2018 Ticker Report. Google+.