Karat Packaging (KRT) Scheduled to Post Earnings on Thursday

Karat Packaging (NASDAQ:KRT) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Karat Packaging (NASDAQ:KRT) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.49 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 quarter in the prior year, the business 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 0.4 %

Karat Packaging stock traded up $0.11 during trading hours on Tuesday, hitting $26.78. The company had a trading volume of 1,001 shares, compared to its average volume of 42,423. Karat Packaging has a fifty-two week low of $17.23 and a fifty-two week high of $30.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.05 and a quick ratio of 1.62. The firm has a market capitalization of $535.87 million, a P/E ratio of 19.13 and a beta of 1.03. The firm’s fifty day moving average is $25.91 and its 200-day moving average is $27.23.

Karat Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date was Wednesday, August 21st. Karat Packaging’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

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

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.