Culp (NYSE:CULP) announced its quarterly earnings results on Thursday. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04), Fidelity Earnings reports. The company had revenue of $74.85 million during the quarter, compared to analysts’ expectations of $73.23 million. Culp had a net margin of 1.91% and a return on equity of 4.47%.
Shares of CULP traded up $0.46 during trading hours on Friday, reaching $13.76. The company had a trading volume of 5,149 shares, compared to its average volume of 24,316. The company has a market capitalization of $163.75 million, a price-to-earnings ratio of 33.57 and a beta of 0.59. Culp has a 12-month low of $13.09 and a 12-month high of $25.45. The firm has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $18.13.
A number of brokerages have recently issued reports on CULP. ValuEngine downgraded shares of Culp from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Culp from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 13th.
Culp Company Profile
Culp, Inc manufactures, 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 in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components.
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