Karat Packaging (KRT) Projected to Post Quarterly Earnings on Thursday

Karat Packaging (NASDAQ:KRT) 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 registering for the company’s earnings conference call can do so using this link.

Karat Packaging Stock Down 0.3 %

KRT stock opened at $29.10 on Wednesday. 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 50 day moving average price of $30.26 and a two-hundred day moving average price of $28.76. The company has a market cap of $582.70 million, a price-to-earnings ratio of 20.79 and a beta of 1.08. Karat Packaging has a twelve month low of $23.10 and a twelve month high of $33.89.

Karat Packaging Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.19%. This is an increase from Karat Packaging’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, February 24th. Karat Packaging’s dividend payout ratio (DPR) is currently 128.57%.

Analysts Set New Price Targets

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

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.