Culp - CULP Stock Forecast, Price & News

Culp's stock was trading at $9.51 at the start of the year. Since then, CULP shares have decreased by 49.3% and is now trading at $4.82.
View the best growth stocks for 2022 here.

Culp saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 23,100 shares, a drop of 36.7% from the October 31st total of 36,500 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the company's shares are short sold.
View Culp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our CULP earnings forecast.

Culp will be holding an earnings conference call on Thursday, December 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Culp, Inc. (NYSE:CULP) announced its quarterly earnings results on Wednesday, December, 1st. The textile maker reported $0.07 EPS for the quarter, hitting analysts' consensus estimates of $0.07. The textile maker earned $74.56 million during the quarter, compared to the consensus estimate of $73.76 million. Culp had a negative trailing twelve-month return on equity of 9.13% and a negative net margin of 4.07%. During the same period last year, the company earned $0.19 EPS.

Culp declared a quarterly dividend on Thursday, March 3rd. Shareholders of record on Monday, April 11th will be given a dividend of $0.115 per share on Tuesday, April 19th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend is Friday, April 8th.
Read our dividend analysis for CULP.

Culp issued an update on its second quarter 2023 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $58.00 million-$58.00 million, compared to the consensus revenue estimate of $59.27 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Culp investors own include AT&T (T), Gilead Sciences (GILD), International Business Machines (IBM), Pfizer (PFE), Philip Morris International (PM), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), WestRock (WRK), AbbVie (ABBV) and Carnival Co. & (CCL).

Culp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CULP."

Culp's stock is owned by a number of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (5.96%), Dimensional Fund Advisors LP (5.42%), Brown Advisory Inc. (4.41%), BlackRock Inc. (2.82%), Vanguard Group Inc. (2.50%) and Grace & White Inc. NY (1.77%). Insiders that own company stock include Franklin N Saxon, Fred A Jackson, Jonathan Lee Kelly, Kenneth W Mcallister, Perry E Davis, Robert George Iv Culp and Sharon A Decker.
View institutional ownership trends.

Shares of CULP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CULP stock can currently be purchased for approximately $4.82.

Culp (NYSE:CULP) has a market capitalization of $59.14 million and generates $294.84 million in revenue each year. The textile maker earns $-3,210,000.00 in net income (profit) each year or ($0.91) on an earnings per share basis.

The company employs 1,582 workers across the globe.

Culp's mailing address is 1823 EASTCHESTER DRIVE, HIGH POINT NC, 27265. The official website for the company is www.culpinc.com. The textile maker can be reached via phone at (336) 889-5161 or via fax at 336-887-7089.