Culp (CULP) Projected to Post Earnings on Wednesday

Culp (NYSE:CULP) is projected to release its earnings data before the market opens on Wednesday, March 5th. Analysts expect Culp to post earnings of ($0.24) per share and revenue of $56.00 million for the quarter. Persons interested in listening to 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) EPS for the quarter. Culp had a negative net margin of 9.43% and a negative return on equity of 22.50%.

Culp Trading Down 1.4 %

Shares of CULP stock opened at $5.22 on Tuesday. The firm has a market capitalization of $65.61 million, a PE ratio of -3.11 and a beta of 1.16. The firm has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.46. Culp has a 12 month low of $4.25 and a 12 month high of $6.85.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Culp in a report on Wednesday, February 26th. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other news, insider Mary Elizabeth Hunsberger acquired 5,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $5.55 per share, with a total value of $27,750.00. Following the acquisition, the insider now directly owns 15,000 shares of the company’s stock, valued at $83,250. The trade was a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert George Iv Culp purchased 8,508 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $422,917.18. The trade was a 12.24 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 31,495 shares of company stock valued at $167,062 in the last three months. 7.30% of the stock is currently owned by insiders.

About Culp

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.