Karat Packaging (KRT) to Release Quarterly Earnings on Thursday

Karat Packaging (NASDAQ:KRT - Get Free Report) is set to announce its earnings results 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 wish to listen to the company's conference call can do so using this link.

Karat Packaging (NASDAQ:KRT - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.11). Karat Packaging had a net margin of 6.90% and a return on equity of 19.79%. The company had revenue of $112.60 million during the quarter, compared to analyst estimates of $114.03 million. During the same quarter in the previous year, the firm earned $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 Performance

KRT stock traded down $0.01 during midday trading on Thursday, reaching $26.89. The company had a trading volume of 15,076 shares, compared to its average volume of 42,758. 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 stock has a 50 day moving average price of $25.87 and a 200 day moving average price of $27.23. Karat Packaging has a fifty-two week low of $17.23 and a fifty-two week high of $30.94. The firm has a market capitalization of $538.20 million, a PE ratio of 19.21 and a beta of 1.03.

Karat Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.21%. Karat Packaging's dividend payout ratio (DPR) is presently 100.00%.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut Karat Packaging from a "buy" rating to a "hold" rating and cut their price target for the company from $34.00 to $28.00 in a report 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.