Culp (NYSE:CULP) Posts Earnings Results, Misses Estimates By $0.04 EPS

Share on StockTwits

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.

In related news, insider Thomas Bernard Gallagher, Jr. sold 1,400 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $18.26, for a total value of $25,564.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

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.

See Also: Cryptocurrencies

Earnings History for Culp (NYSE:CULP)

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

Nanometrics  Lifted to Hold at BidaskClub
Nanometrics Lifted to Hold at BidaskClub
Nasdaq  Downgraded by BidaskClub
Nasdaq Downgraded by BidaskClub
NetScout Systems  Raised to “Hold” at BidaskClub
NetScout Systems Raised to “Hold” at BidaskClub
Intellia Therapeutics  Raised to Hold at BidaskClub
Intellia Therapeutics Raised to Hold at BidaskClub
Northern Trust  Lifted to “Hold” at BidaskClub
Northern Trust Lifted to “Hold” at BidaskClub
Liberty Latin America  Upgraded at BidaskClub
Liberty Latin America Upgraded at BidaskClub


© 2006-2019 Ticker Report