Karat Packaging (NASDAQ:KRT) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Karat Packaging (NASDAQ:KRT) issued its quarterly earnings results on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.14), Zacks reports. Karat Packaging had a return on equity of 19.84% and a net margin of 6.78%. The company had revenue of $101.65 million for the quarter, compared to analysts’ expectations of $102.27 million. Karat Packaging updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Karat Packaging Stock Down 2.1 %

Shares of NASDAQ:KRT opened at $28.34 on Friday. Karat Packaging has a one year low of $23.10 and a one year high of $33.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.12 and a quick ratio of 1.82. The company has a market cap of $567.48 million, a price-to-earnings ratio of 20.24 and a beta of 1.08. The firm has a fifty day moving average price of $30.19 and a two-hundred day moving average price of $28.78.

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 issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.35%. This is an increase from Karat Packaging’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, February 24th. Karat Packaging’s dividend payout ratio (DPR) is presently 128.57%.

Wall Street Analyst Weigh In

KRT has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on shares of Karat Packaging from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. William Blair lowered shares of Karat Packaging from an “outperform” rating to a “market perform” rating in a research note 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.