Culp (NYSE:CULP – Get Free Report) announced its earnings results on Wednesday. The textile maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04, Zacks reports. The company had revenue of $48.77 million during the quarter, compared to the consensus estimate of $52.40 million. Culp had a negative return on equity of 23.21% and a negative net margin of 10.23%.
Culp Trading Up 1.3%
Shares of NYSE:CULP opened at $3.93 on Thursday. The stock has a fifty day simple moving average of $3.99 and a two-hundred day simple moving average of $4.78. Culp has a 12-month low of $3.42 and a 12-month high of $6.85. The stock has a market capitalization of $49.36 million, a price-to-earnings ratio of -2.25 and a beta of 1.17.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on Culp in a research report on Saturday, May 17th. They issued a “hold” rating for the company.
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.
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