News coverage about Culp (NYSE:CULP) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Culp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 45.8278078269572 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Culp (NYSE:CULP) traded up 0.87% during trading on Tuesday, reaching $29.00. The company’s stock had a trading volume of 17,898 shares. The firm has a 50 day moving average price of $32.26 and a 200-day moving average price of $32.33. The stock has a market cap of $358.35 million, a price-to-earnings ratio of 16.29 and a beta of 0.23. Culp has a 52-week low of $26.80 and a 52-week high of $37.80.
Culp (NYSE:CULP) last announced its earnings results on Tuesday, June 13th. The textile maker reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The firm had revenue of $77.35 million for the quarter, compared to the consensus estimate of $76.32 million. Culp had a return on equity of 17.87% and a net margin of 7.21%. On average, analysts expect that Culp will post $2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, June 29th. Culp’s payout ratio is presently 17.88%.
Separately, ValuEngine lowered Culp from a “buy” rating to a “hold” rating in a research note on Friday, June 9th.
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In other Culp news, Chairman Robert G. Culp III sold 1,049 shares of Culp stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $34.00, for a total transaction of $35,666.00. Following the transaction, the chairman now directly owns 101,294 shares of the company’s stock, valued at approximately $3,443,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.50% of the stock is currently owned by insiders.
Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture.
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