Culp, Inc. (CULP) Downgraded to “Hold” at ValuEngine

Culp, Inc. (NYSE:CULP) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, November 9th.

Separately, Zacks Investment Research downgraded Culp from a “hold” rating to a “sell” rating in a report on Thursday, August 31st.

Culp (CULP) traded up $0.40 during midday trading on Thursday, hitting $31.85. The company had a trading volume of 16,600 shares, compared to its average volume of 29,255. The company has a quick ratio of 1.11, a current ratio of 2.44 and a debt-to-equity ratio of 0.03. Culp has a one year low of $26.15 and a one year high of $37.80. The company has a market capitalization of $391.27, a price-to-earnings ratio of 17.19 and a beta of 0.27.

Culp (NYSE:CULP) last released its earnings results on Wednesday, August 30th. The textile maker reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). Culp had a return on equity of 15.89% and a net margin of 7.14%. The company had revenue of $79.53 million during the quarter, compared to the consensus estimate of $80.01 million. research analysts predict that Culp will post 1.59 EPS for the current year.

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Culp Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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