Culp - CULP Stock Forecast, Price & News

Culp's stock was trading at $9.51 at the beginning of 2022. Since then, CULP stock has decreased by 52.5% and is now trading at $4.52.
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Culp saw a increase in short interest in September. As of September 15th, there was short interest totaling 55,700 shares, an increase of 50.5% from the August 31st total of 37,000 shares. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% 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 Wednesday, December 7th 2022.
View our CULP earnings forecast.

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

Culp announced 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 annualized dividend and a yield of 10.18%. The ex-dividend date is Friday, April 8th.
Read our dividend analysis for CULP.

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."

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 $4.52.

Culp (NYSE:CULP) has a market capitalization of $55.48 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.