Research analysts at StockNews.com initiated coverage on shares of Culp (NYSE:CULP – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the textile maker’s stock.
Culp Price Performance
NYSE CULP opened at $4.52 on Friday. Culp has a 12 month low of $4.20 and a 12 month high of $5.99. The firm has a market capitalization of $56.36 million, a PE ratio of -4.11 and a beta of 1.29. The company’s 50 day simple moving average is $4.73 and its 200 day simple moving average is $5.17.
Culp (NYSE:CULP – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.10). Culp had a negative net margin of 5.75% and a negative return on equity of 15.58%. The firm had revenue of $60.42 million for the quarter, compared to analyst estimates of $58.98 million. Sell-side analysts anticipate that Culp will post -1.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Culp
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 the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.
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