Karat Packaging (KRT) Projected to Post Earnings on Thursday

Karat Packaging (NASDAQ:KRTGet Free Report) 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.

Read Our Latest Report on KRT

Karat Packaging Company Profile

(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.

Further Reading

Earnings History for Karat Packaging (NASDAQ:KRT)

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