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

Karat Packaging (NASDAQ:KRTGet Free Report) 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.

Get Our Latest Analysis on Karat Packaging

About Karat Packaging

(Get Free Report)

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.

Further Reading

Earnings History for Karat Packaging (NASDAQ:KRT)

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