Culp (CULP) to Release Earnings on Tuesday

Culp (NYSE:CULP) will likely be releasing its earnings data before the market opens on Tuesday, March 4th. Analysts expect Culp to post earnings of ($0.24) per share and revenue of $56.00 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Culp (NYSE:CULP) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported ($0.29) earnings per share (EPS) for the quarter. Culp had a negative net margin of 9.43% and a negative return on equity of 22.50%.

Culp Price Performance

Culp stock opened at $5.25 on Tuesday. Culp has a 12-month low of $4.25 and a 12-month high of $6.85. The company has a market capitalization of $65.87 million, a price-to-earnings ratio of -3.12 and a beta of 1.16. The firm’s fifty day moving average price is $5.49 and its 200 day moving average price is $5.44.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Culp in a research report on Tuesday, February 18th. They set a “hold” rating for the company.

Insider Activity at Culp

In other news, CEO Robert George Iv Culp purchased 8,508 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of $5.42 per share, for a total transaction of $46,113.36. Following the completion of the acquisition, the chief executive officer now directly owns 78,029 shares of the company’s stock, valued at approximately $422,917.18. The trade was a 12.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Elizabeth Hunsberger bought 5,000 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $5.55 per share, for a total transaction of $27,750.00. Following the acquisition, the insider now directly owns 15,000 shares in the company, valued at approximately $83,250. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 31,495 shares of company stock worth $167,062. 7.30% of the stock is owned by corporate insiders.

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.