Buy Culp Inc. Following Earnings-Related Sell-Off As Business Recovery Is Well On Its Way [Seeking Alpha]
Culp, Inc. (CULP)
Last culp, inc. earnings: 3/4 04:15 pm
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US:NYSE Investor Relations:
culpinc.gcs-web.com/investor-overview
Company Research
Source: Seeking Alpha
SummaryMattress and upholstery fabrics manufacturer reports Q4/FY2020 results well below consensus expectations as COVID-19 took its toll on the company's business.After finishing the regular session up by more than 15% going into the release, disappointing headline numbers likely caused investors to head for the exit in after hours.On a more positive note, management stated better-than-anticipated sales trends quarter-to-date which translates into guidance well above current analyst consensus.Company will be debt-free again at the end of Q1/FY2021 with cash of almost $40 million. Culp also maintained its generous quarterly dividend of $0.105 per share.With the business apparently well on its way to recovery, a solid balance sheet and juicy dividend, the stock qualifies as both a decent value investment as well as short-term rebound speculation. Take advantage of the after hours sell-off and get long the shares.Apparently, investors went into mattress and upholstery fabrics manufactur
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CULP
News
- Culp, Inc. (NYSE: CULP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Shareholders in Culp (NYSE:CULP) are in the red if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Culp, Inc. (NYSE:CULP) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Culp's (CULP) Q3 Earnings Miss Estimates, Revenues Beat [Yahoo! Finance]Yahoo! Finance
- Culp (CULP) to Report Q3 Earnings: Here's What to Expect [Yahoo! Finance]Yahoo! Finance
CULP
Earnings
- 3/6/24 - Miss
CULP
Sec Filings
- 4/12/24 - Form SC
- 3/8/24 - Form 10-Q
- 3/6/24 - Form 8-K
- CULP's page on the SEC website