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

Culp (NYSE:CULP) issued its quarterly earnings results on Thursday. The textile maker reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.05, Zacks reports. The business had revenue of $49.53 million for the quarter, compared to the consensus estimate of $49.76 million. Culp had a negative return on equity of 16.06% and a negative net margin of 6.13%. During the same period in the prior year, the firm posted ($0.38) earnings per share.

Culp Stock Performance

Shares of NYSE CULP traded up $0.04 during mid-day trading on Friday, hitting $4.48. The stock had a trading volume of 64,361 shares, compared to its average volume of 17,427. The company has a 50 day moving average of $4.43 and a two-hundred day moving average of $4.82. Culp has a twelve month low of $4.25 and a twelve month high of $5.99. The firm has a market cap of $55.87 million, a PE ratio of -4.04 and a beta of 1.23.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Culp in a research report on Sunday, June 23rd. They set a “hold” rating on the stock.

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.