Culp, Inc. (CULP) Just Recorded A Sigfniciant Increase

September 17, 2017 - By Dolores Ford

The stock of Culp, Inc. (NYSE:CULP) is a huge mover today! The stock increased 5.04% or $1.45 on September 15, reaching $30.2. About 76,972 shares traded or 222.86% up from the average. Culp, Inc. (NYSE:CULP) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $375.72 million company. It was reported on Sep, 17 by Barchart.com. We have $31.71 PT which if reached, will make NYSE:CULP worth $18.79 million more.

Analysts await Culp, Inc. (NYSE:CULP) to report earnings on December, 7. They expect $0.33 earnings per share, down 29.79 % or $0.14 from last year’s $0.47 per share. CULP’s profit will be $4.11M for 22.88 P/E if the $0.33 EPS becomes a reality. After $0.40 actual earnings per share reported by Culp, Inc. for the previous quarter, Wall Street now forecasts -17.50 % negative EPS growth.

More notable recent Culp, Inc. (NYSE:CULP) news were published by: Bizjournals.com which released: “Culp expands Triad distribution center, will move Stokesdale operation” on June 16, 2017, also Globenewswire.com with their article: “Culp, Inc. to Broadcast First Quarter Fiscal 2018 Conference Call Live on the …” published on August 25, 2017, Streetinsider.com published: “Culp, Inc. (CULP) Reports Q1 EPS of $0.40; Company Signs Letter of Intent for …” on August 30, 2017. More interesting news about Culp, Inc. (NYSE:CULP) were released by: Seekingalpha.com and their article: “Culp’s Higher Margins And Lower Share Price Could Present An Opportunity Soon” published on July 31, 2017 as well as Bizjournals.com‘s news article titled: “Triad fabrics manufacturer eyes purchase of Chinese company” with publication date: September 01, 2017.

Culp, Inc. is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The company has market cap of $375.72 million. The Firm is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture. It has a 17.19 P/E ratio. The Firm operates through two divisions: mattress fabrics and upholstery fabrics.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.