Culp - CULP Stock Forecast, Price & News

Culp's stock was trading at $4.59 on January 1st, 2023. Since then, CULP stock has increased by 13.3% and is now trading at $5.20.
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Culp saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 18,900 shares, an increase of 36.0% from the February 13th total of 13,900 shares. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
View our CULP earnings forecast.

Culp, Inc. (NYSE:CULP) issued its quarterly earnings results on Wednesday, December, 1st. The textile maker reported $0.07 earnings per share for the quarter, meeting the consensus estimate 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 30.11% and a negative net margin of 14.26%. During the same quarter in the previous year, the firm earned $0.19 earnings per share.

Culp issued an update on its second quarter 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share (EPS) 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 variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.66%), Dimensional Fund Advisors LP (5.56%), Brown Advisory Inc. (4.17%), Grace & White Inc. NY (1.70%), Moors & Cabot Inc. (1.68%) and Moors & Cabot Inc. (1.48%). 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, Sharon A Decker, Thomas Bernard Gallagher, Jr and Thomas Bruno.
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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 $5.20.

Culp (NYSE:CULP) has a market capitalization of $64.01 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 ($2.68) 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.