News headlines about Culp (NYSE:CULP) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Culp earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 47.3997434951117 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Culp (NYSE:CULP) traded up 3.13% during trading on Friday, hitting $29.65. 30,611 shares of the stock traded hands. The firm’s 50-day moving average is $28.76 and its 200 day moving average is $31.37. The stock has a market cap of $366.39 million, a P/E ratio of 16.66 and a beta of 0.25. Culp has a 52 week low of $26.80 and a 52 week high of $37.80.
Culp (NYSE:CULP) last released its earnings results on Tuesday, June 13th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $77.35 million for the quarter, compared to analyst estimates of $76.32 million. Culp had a return on equity of 15.89% and a net margin of 7.14%. Equities research analysts forecast that Culp will post $1.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, September 29th. Culp’s dividend payout ratio (DPR) is presently 18.18%.
Separately, ValuEngine cut shares of Culp from a “buy” rating to a “hold” rating in a research note on Friday, June 9th.
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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