Culp (NYSE:CULP) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Culp (NYSE:CULPGet Free Report) posted its quarterly earnings data on Thursday. The textile maker reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.05, Zacks reports. Culp had a negative return on equity of 16.06% and a negative net margin of 6.13%. The firm had revenue of $49.53 million during the quarter, compared to analyst estimates of $49.76 million. During the same period last year, the company posted ($0.38) EPS.

Culp Price Performance

Shares of CULP traded up $0.04 during trading hours on Friday, hitting $4.48. The stock had a trading volume of 64,361 shares, compared to its average volume of 17,427. The firm has a 50 day simple moving average of $4.43 and a 200-day simple moving average of $4.82. The firm has a market capitalization of $55.87 million, a P/E ratio of -4.04 and a beta of 1.23. Culp has a 1-year low of $4.25 and a 1-year high of $5.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Culp in a research report on Sunday, June 23rd. They issued a “hold” rating for the company.

Read Our Latest Analysis on CULP

About Culp

(Get Free Report)

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.

See Also

Earnings History for Culp (NYSE:CULP)

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