Karat Packaging Inc. (KRT)
Market Cap | 624.15M |
Revenue (ttm) | 416.57M |
Net Income (ttm) | 28.26M |
Shares Out | 20.02M |
EPS (ttm) | 1.41 |
PE Ratio | 22.09 |
Forward PE | 16.43 |
Dividend | $1.05 (3.37%) |
Ex-Dividend Date | Nov 20, 2024 |
Volume | 36,452 |
Open | 31.40 |
Previous Close | 31.54 |
Day's Range | 30.79 - 31.40 |
52-Week Range | 21.38 - 31.69 |
Beta | 1.05 |
Analysts | Buy |
Price Target | 30.00 (-3.75%) |
Earnings Date | Nov 7, 2024 |
About KRT
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. The company also provides new product development, design, printing, and logistics services. It offers its produc... [Read more]
Financial Performance
In 2023, Karat Packaging's revenue was $405.65 million, a decrease of -4.09% compared to the previous year's $422.96 million. Earnings were $32.47 million, an increase of 37.31%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for KRT stock is "Buy." The 12-month stock price forecast is $30.0, which is a decrease of -3.75% from the latest price.
News
Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript
Karat Packaging, Inc. (NASDAQ:KRT) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Ca...
Karat Packaging Reports 2024 Third Quarter Financial Results
CHINO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...
Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024
CHINO, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodse...
Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12
CHINO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that...
Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Call ...
Karat Packaging Reports 2024 Second Quarter Financial Results
CHINO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...
Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
CHINO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related ...
Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024
CHINO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodser...
These 3 Industrials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Deluxe (NYSE:DLX)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Karat Packaging to Participate in Two June Investor Conferences
CHINO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today annou...
Karat Packaging Inc. (KRT) Q1 2024 Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Fina...
Karat Packaging: Shift In Business Model Could Be A Moat Source
Karat specializes in the manufacturing and distribution of on-the-go packaging products. The company is pivoting towards being an asset-light business focused on supplying packaging, rather than manuf...
Karat Packaging Reports 2024 First Quarter Financial Results
CHINO, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodserv...
Karat Packaging Board Declares Increase in Quarterly Cash Dividend
CHINO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related i...
Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript
Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript
Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results
Record Full Year Gross Margin and Net Income as Business Continues to Expand Record Full Year Gross Margin and Net Income as Business Continues to Expand
Karat Packaging to Report 2023 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 14, 2024
CHINO, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodse...
Showcasing Seeking Alpha's December 2023 New Analysts
Seeking Alpha welcomes 25 new analysts who have published their first articles in December 2023. The new analysts cover a wide range of areas of interest, including long/short equity, growth, tech, va...
Karat Packaging: More Karat, Less Stick
Karat Packaging offers industry-leading margins, solid growth opportunities and a bias towards returning value to shareholders via regular and special dividends. Management has held the reins for over...
Karat Packaging Inc. (KRT) Q3 2023 Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Roger Pondel - PondelWilkinson-Investor Relations Alan Yu - Chief Executive Officer...
Karat Packaging Reports 2023 Third Quarter Financial Results
- 49% Expansion of Net Income with Continued Success in Growth Strategy Execution - CHINO, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a sp...
Karat Packaging: A Buy If The Growth Story Continues
Karat Packaging has experienced significant organic revenue growth in the long term. The company has scaled its gross margin significantly in the first half of 2023, possibly causing revenue decreases...
Karat Packaging Expands National Salesforce, Focusing on Greater Penetration in East Coast and Mid-West Regions
CHINO, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related...