Karat Packaging (NASDAQ:KRT) Announces Quarterly Earnings Results

by · The Markets Daily

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

Karat Packaging Stock Performance

Karat Packaging stock traded down $1.06 during mid-day trading on Friday, reaching $27.89. The company’s stock had a trading volume of 15,985 shares, compared to its average volume of 38,555. The company has a market capitalization of $558.47 million, a P/E ratio of 19.94 and a beta of 1.08. Karat Packaging has a 12-month low of $23.10 and a 12-month high of $33.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 3.12. The firm’s fifty day moving average price is $30.23 and its two-hundred day moving average price is $28.77.

Karat Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a $0.45 dividend. The ex-dividend date was Monday, February 24th. This is an increase from Karat Packaging’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 6.45%. Karat Packaging’s dividend payout ratio (DPR) is 128.57%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KRT. 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 downgraded Karat Packaging from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd.

Read Our Latest Research Report on KRT

Karat Packaging Company Profile

(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.

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