Wall Street analysts expect Culp, Inc. (NYSE:CULP) to post $0.33 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Culp’s earnings, with estimates ranging from $0.31 to $0.35. Culp reported earnings per share of $0.47 in the same quarter last year, which indicates a negative year over year growth rate of 29.8%. The company is scheduled to report its next earnings results on Thursday, December 7th.

According to Zacks, analysts expect that Culp will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.45 to $1.72. For the next financial year, analysts forecast that the company will post earnings of $1.55 per share, with EPS estimates ranging from $1.52 to $1.59. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Culp.

Culp (NYSE:CULP) last issued its quarterly earnings data on Wednesday, August 30th. The textile maker reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.13). Culp had a net margin of 7.14% and a return on equity of 15.89%. The firm had revenue of $79.53 million during the quarter, compared to analyst estimates of $80.01 million.

CULP has been the subject of a number of research reports. ValuEngine cut Culp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Culp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st.

Shares of Culp (NYSE:CULP) traded up $0.60 during midday trading on Friday, hitting $30.40. The stock had a trading volume of 22,693 shares, compared to its average volume of 17,801. Culp has a twelve month low of $26.15 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.44 and a quick ratio of 1.11. The firm has a market capitalization of $385.83, a PE ratio of 15.38 and a beta of 0.24.

TRADEMARK VIOLATION NOTICE: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/0-33-eps-expected-for-culp-inc-culp-this-quarter/1712448.html.

About Culp

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.

Get a free copy of the Zacks research report on Culp (CULP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Culp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.