Culp (CULP) Expected to Announce Quarterly Earnings on Tuesday

Culp (NYSE:CULP) is expected to release its earnings data before the market opens on Tuesday, March 4th. Analysts expect Culp to post earnings of ($0.24) per share and revenue of $56.00 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Culp (NYSE:CULP) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative net margin of 9.43% and a negative return on equity of 22.50%.

Culp Trading Up 1.6 %

Shares of CULP stock opened at $5.25 on Tuesday. The stock has a market cap of $65.87 million, a P/E ratio of -3.12 and a beta of 1.16. The company has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $5.44. Culp has a 12 month low of $4.25 and a 12 month high of $6.85.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Culp in a research note on Tuesday, February 18th. They set a “hold” rating for the company.

Insider Buying and Selling at Culp

In other news, CEO Robert George Iv Culp bought 8,508 shares of Culp stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of $5.42 per share, with a total value of $46,113.36. Following the completion of the acquisition, the chief executive officer now directly owns 78,029 shares of the company’s stock, valued at $422,917.18. The trade was a 12.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Elizabeth Hunsberger bought 5,000 shares of Culp stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the purchase, the insider now directly owns 15,000 shares of the company’s stock, valued at $83,250. This trade represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 31,495 shares of company stock valued at $167,062. 7.30% of the stock is currently owned by insiders.

About Culp

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.