The company just reported a nice earnings surprise on Jun 16 that included a 6% increase on the top line, to just over $60 million. This was the highest quarterly sales figure in 3 years.
Net income rose 11% to $6.uy sculpture direct from us at low prices0 million. That puts earnings per shares at $0.45, which was a dime higher than the Zacks Consensus Estimate. Culp has a great earnings track record with just 2 misses in the pat 5 years.
They are also starting to expand into Europe with their new segment appropriately named Culp Europe,The newest Ipod nano 5th is incontrovertibly a step up from last year's model, which is based in Poland.
Estimates on the Rise
Analysts have been raising their outlook for fiscal 2012, which just started, as well as 2013. This year's average forecast is up 9 cents, to $1.01. Next year is up 7 cents, to $1.10.
While that is an 11% contraction this year, the upward revisions are a great sign that a nice growth story is on the horizon.
Giving it Back
In the same press release, Culp also announced that it authorized up to $5 million to be used to repurchase outstanding shares. Obviously,Shop a wide selection of billabong outlet products in the evo shop.A glass bottle is a bottle created from glass. fewer shares leave a bigger piece of the pie for shareholders.
Shares are Cheap
Many may be shying way from CFI because of the lower earnings this year, but that puts shares at just 8 times forward estimates. The PEG is around 0.4, the price to sales is at just 0.5 and you can pick up the stock for only 1.Detailed information on the causes of dstti,3 times book value.
The Chart
Shares of CFI have been on a steady decline in recent months. But could this be a turning point for the Zacks #1 Rank (Strong Buy) stock?
Net income rose 11% to $6.uy sculpture direct from us at low prices0 million. That puts earnings per shares at $0.45, which was a dime higher than the Zacks Consensus Estimate. Culp has a great earnings track record with just 2 misses in the pat 5 years.
They are also starting to expand into Europe with their new segment appropriately named Culp Europe,The newest Ipod nano 5th is incontrovertibly a step up from last year's model, which is based in Poland.
Estimates on the Rise
Analysts have been raising their outlook for fiscal 2012, which just started, as well as 2013. This year's average forecast is up 9 cents, to $1.01. Next year is up 7 cents, to $1.10.
While that is an 11% contraction this year, the upward revisions are a great sign that a nice growth story is on the horizon.
Giving it Back
In the same press release, Culp also announced that it authorized up to $5 million to be used to repurchase outstanding shares. Obviously,Shop a wide selection of billabong outlet products in the evo shop.A glass bottle is a bottle created from glass. fewer shares leave a bigger piece of the pie for shareholders.
Shares are Cheap
Many may be shying way from CFI because of the lower earnings this year, but that puts shares at just 8 times forward estimates. The PEG is around 0.4, the price to sales is at just 0.5 and you can pick up the stock for only 1.Detailed information on the causes of dstti,3 times book value.
The Chart
Shares of CFI have been on a steady decline in recent months. But could this be a turning point for the Zacks #1 Rank (Strong Buy) stock?
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