Karat Packaging (KRT) Projected to Post Earnings on Thursday

Karat Packaging (NASDAQ:KRT) is expected to post its quarterly earnings results after the market closes on Thursday, March 13th. Analysts expect Karat Packaging to post earnings of $0.43 per share and revenue of $102.27 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Karat Packaging Stock Down 2.2 %

Shares of KRT opened at $29.18 on Tuesday. The firm has a market capitalization of $584.30 million, a P/E ratio of 20.84 and a beta of 1.08. Karat Packaging has a 12-month low of $23.10 and a 12-month high of $33.89. The company has a current ratio of 3.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $30.28 and a 200-day moving average price of $28.74.

Karat Packaging Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a dividend of $0.45 per share. This is a positive change from Karat Packaging’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend was Monday, February 24th. Karat Packaging’s payout ratio is currently 128.57%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. William Blair lowered shares of Karat Packaging from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Stifel Nicolaus lifted their price objective on Karat Packaging from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Karat Packaging Company Profile

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.