Karat Packaging - KRT Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Karat Packaging in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KRT shares.
View KRT analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued twelve-month target prices for Karat Packaging's shares. Their KRT share price forecasts range from $22.00 to $25.00. On average, they predict the company's stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 54.1% from the stock's current price.
View analysts price targets for KRT or view top-rated stocks among Wall Street analysts.

Karat Packaging's stock was trading at $14.37 at the beginning of the year. Since then, KRT stock has increased by 6.1% and is now trading at $15.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our KRT earnings forecast.

Karat Packaging Inc. (NASDAQ:KRT) issued its earnings results on Thursday, November, 10th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.03. The business had revenue of $110 million for the quarter, compared to analysts' expectations of $119.07 million. Karat Packaging had a trailing twelve-month return on equity of 17.24% and a net margin of 5.87%.

Karat Packaging declared a dividend on Thursday, November 17th. Shareholders of record on Monday, November 21st will be given a dividend of $0.35 per share on Wednesday, November 30th. This represents a yield of 2.63%. The ex-dividend date is Friday, November 18th.
Read our dividend analysis for KRT.

Karat Packaging updated its fourth quarter 2022 earnings guidance on Saturday, December, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $95.00 million-$98.00 million, compared to the consensus revenue estimate of $107.46 million.

(KRT) raised $76 million in an initial public offering on Thursday, April 15th 2021. The company issued 4,000,000 shares at $18.00-$20.00 per share. Stifel, William Blair, Truist Securities, National Securities Corp. and D.A. Davidson & Co. ​ acted as the underwriters for the IPO.

Karat Packaging trades on the NASDAQ under the ticker symbol "KRT."

Shares of KRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KRT stock can currently be purchased for approximately $15.25.

Karat Packaging (NASDAQ:KRT) has a market capitalization of $303.63 million and generates $364.24 million in revenue each year. The company earns $20.78 million in net income (profit) each year or $1.25 on an earnings per share basis.

The company employs 680 workers across the globe.

The official website for the company is www.karatpackaging.com. The company can be reached via phone at 626-965-8882 or via email at ir@karatpackaging.com.