What Next for Culp, Inc. (CULP) Stock After Today’s Huge Increase?

September 17, 2017 - By Stephen Andrade

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.

Investors wait Culp, Inc. (NYSE:CULP) to report on December, 7. its quarterly earnings Wall Street analysts expect $0.33 earnings per share, down $0.14 or 29.79 % from last year’s $0.47 same quarter earnings. This translates into $4.11M profit for CULP giving the stock a 22.88 P/E. This is assuming the current $0.33 EPS is accurate. Culp, Inc.’s Wall Street analysts see -17.50 % negative EPS growth, taking into account the $0.40 EPS reproted in the previous quarter,

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

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