Culp (CULP) Getting Somewhat Favorable News Coverage, Report Shows

Media coverage about Culp (NYSE:CULP) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Culp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 44.9395188815092 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Culp (NYSE CULP) opened at $30.40 on Wednesday. Culp has a fifty-two week low of $26.15 and a fifty-two week high of $34.05. The company has a market capitalization of $389.68, a P/E ratio of 26.44 and a beta of 0.23.

Culp (NYSE:CULP) last posted its quarterly earnings results on Wednesday, February 28th. The textile maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.06). Culp had a net margin of 4.46% and a return on equity of 13.50%. The company had revenue of $85.31 million during the quarter, compared to analyst estimates of $78.56 million. research analysts predict that Culp will post 1.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. Culp’s dividend payout ratio is presently 31.30%.

Several equities analysts have recently weighed in on CULP shares. Zacks Investment Research upgraded Culp from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 31st. ValuEngine raised Culp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, TheStreet cut Culp from a “b” rating to a “c+” rating in a report on Wednesday, February 28th.

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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.

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