Culp, Inc. (NYSE:CULP) to Post FY2024 Earnings of ($1.09) Per Share, Sidoti Csr Forecasts

Culp, Inc. (NYSE:CULP) – Equities research analysts at Sidoti Csr decreased their FY2024 EPS estimates for shares of Culp in a research note issued on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the textile maker will earn ($1.09) per share for the year, down from their previous forecast of ($1.04). The consensus estimate for Culp’s current full-year earnings is ($1.04) per share. Sidoti Csr also issued estimates for Culp’s Q4 2024 earnings at ($0.40) EPS, Q1 2025 earnings at ($0.22) EPS and FY2025 earnings at ($0.03) EPS.

Separately, StockNews.com cut shares of Culp from a “buy” rating to a “hold” rating in a report on Thursday, March 7th.

Culp Trading Up 0.4 %

Shares of NYSE:CULP opened at $4.48 on Friday. The company’s 50 day moving average is $4.74 and its two-hundred day moving average is $5.17. Culp has a 52 week low of $4.20 and a 52 week high of $5.99. The company has a market cap of $55.87 million, a PE ratio of -4.07 and a beta of 1.29.

Culp (NYSE:CULP) last announced its quarterly earnings data on Wednesday, March 6th. The textile maker reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10). Culp had a negative net margin of 5.75% and a negative return on equity of 15.58%. The firm had revenue of $60.42 million during the quarter, compared to analysts’ expectations of $58.98 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bragg Financial Advisors Inc acquired a new stake in Culp during the 4th quarter worth $46,000. HighTower Advisors LLC purchased a new position in shares of Culp in the 4th quarter valued at about $48,000. Assenagon Asset Management S.A. purchased a new position in shares of Culp in the 3rd quarter valued at about $68,000. Virtu Financial LLC purchased a new position in shares of Culp in the 4th quarter valued at about $80,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Culp in the 1st quarter valued at about $112,000. Institutional investors and hedge funds own 75.05% of the company’s stock.

Culp Company Profile

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.