Karat Packaging (KRT) Expected to Release Quarterly Earnings on Thursday

Karat Packaging (NASDAQ:KRT - Get Free Report) is projected 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 interested in listening to the company's earnings conference call can do so using this link.

Karat Packaging Stock Up 0.7 %

Shares of KRT stock traded up $0.22 during trading on Friday, reaching $29.85. The company's stock had a trading volume of 23,255 shares, compared to its average volume of 38,859. The company has a quick ratio of 1.82, a current ratio of 3.12 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average price of $30.30 and a 200-day moving average price of $28.69. Karat Packaging has a one year low of $23.10 and a one year high of $33.89. The company has a market cap of $597.72 million, a price-to-earnings ratio of 21.32 and a beta of 1.08.

Karat Packaging Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were given 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 annualized dividend and a yield of 6.03%. The ex-dividend date was Monday, February 24th. Karat Packaging's dividend payout ratio is 128.57%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KRT shares. Stifel Nicolaus upped their price target on shares of Karat Packaging from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. William Blair lowered shares of Karat Packaging from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd.

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About Karat Packaging

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.