Karat Packaging (KRT) Scheduled to Post Earnings on Thursday

Karat Packaging (NASDAQ:KRTGet Free Report) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Karat Packaging to post earnings of $0.51 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Karat Packaging (NASDAQ:KRTGet Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.11). The company had revenue of $112.60 million for the quarter, compared to analyst estimates of $114.03 million. Karat Packaging had a return on equity of 19.79% and a net margin of 6.90%. During the same period last year, the company posted $0.68 earnings per share. On average, analysts expect Karat Packaging to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Karat Packaging Stock Up 0.3 %

KRT stock opened at $26.90 on Thursday. Karat Packaging has a 52 week low of $17.23 and a 52 week high of $30.94. The business has a 50-day simple moving average of $25.87 and a 200 day simple moving average of $27.23. The company has a quick ratio of 1.62, a current ratio of 3.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $538.40 million, a PE ratio of 19.21 and a beta of 1.03.

Karat Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Wednesday, August 21st. Karat Packaging’s payout ratio is presently 100.00%.

Analysts Set New Price Targets

Separately, Truist Financial cut shares of Karat Packaging from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $28.00 in a research note on Friday, August 9th.

Check Out Our Latest Stock Report on KRT

About Karat Packaging

(Get Free Report)

Karat Packaging Inc, together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.

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Earnings History for Karat Packaging (NASDAQ:KRT)

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