Karat Packaging Inc.

Equities

KRT

US48563L1017

Non-Paper Containers & Packaging

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-01 pm EDT			5-day change	1st Jan Change
27.31 ^USD	+0.77%		+0.96%	+9.90%

Mar. 15	Truist Securities Adjusts Karat Packaging's Price Target to $33 From $24, Maintains Buy Rating	MT
Mar. 15	Stifel Adjusts Karat Packaging's Price Target to $32 From $30, Maintains Buy Rating	MT

Karat Packaging Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

March 14, 2024 at 04:10 pm EDT

Karat Packaging Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 405.65 million compared to USD 422.96 million a year ago. Net income was USD 32.47 million compared to USD 23.65 million a year ago.

Basic earnings per share from continuing operations was USD 1.63 compared to USD 1.19 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 1.19 a year ago.

Latest news about Karat Packaging Inc.

Truist Securities Adjusts Karat Packaging's Price Target to $33 From $24, Maintains Buy Rating	Mar. 15	MT
Stifel Adjusts Karat Packaging's Price Target to $32 From $30, Maintains Buy Rating	Mar. 15	MT
Karat Packaging Q4 Adjusted Earnings Fall, Sales Rise	Mar. 14	MT
Transcript : Karat Packaging Inc., Q4 2023 Earnings Call, Mar 14, 2024	Mar. 14
Karat Packaging Inc. Reports Impairment Expense for the Three Months Ended December 31, 2023	Mar. 14	CI
Karat Packaging Inc. Provides Sales Guidance for the First Quarter and Full Year of 2024	Mar. 14	CI
Karat Packaging Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 14	CI
Earnings Flash (KRT) KARAT PACKAGING Reports Q4 EPS $0.24, vs. Street Est of $0.45	Mar. 14	MT
Earnings Flash (KRT) KARAT PACKAGING Reports Q4 Revenue $95.6M, vs. Street Est of $95.5M	Mar. 14	MT
Karat Packaging Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 14	CI
Karat Packaging Inc. Announces New Distribution Center in Arizona	Feb. 15	CI
Karat Packaging Raises Quarterly Dividend to $0.30 a Share From $0.20, Payable Around Feb. 29 to Holders of Record Feb. 21	Feb. 08	MT
Karat Packaging Inc. Announces Regular Quarterly Dividend, Payable on or About February 29, 2024	Feb. 08	CI
Certain Common Stock of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2024.	Jan. 06	CI
Certain Stock Options of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2024.	Jan. 06	CI
Certain Restricted Stock Units of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2024.	Jan. 06	CI
Truist Securities Cuts Price Target on Karat Packaging to $24 From $26, Maintains Buy Rating	Nov. 10	MT
Karat Packaging Q3 Adjusted Earnings Rises, Revenue Falls	Nov. 09	MT
Transcript : Karat Packaging Inc., Q3 2023 Earnings Call, Nov 09, 2023	Nov. 09
Karat Packaging Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Earnings Flash (KRT) KARAT PACKAGING Posts Q3 EPS $0.47, vs. Street Est of $0.45	Nov. 09	MT
Earnings Flash (KRT) KARAT PACKAGING Posts Q3 Revenue $105.5M, vs. Street Est of $106.4M	Nov. 09	MT
Karat Packaging Inc. Provides Sales Guidance for the Fourth Quarter and Full Year of 2023	Nov. 09	CI
Certain Common Stock of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 8-NOV-2023.	Nov. 07	CI
Certain Stock Options of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 8-NOV-2023.	Nov. 07	CI

Chart Karat Packaging Inc.

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Company Profile

Karat Packaging Inc. is a specialty distributor and manufacturer of a range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings across the United States. The Company classifies its customers into four categories. Distributors include national and regional distributors across the United States that purchase its products and provide a channel to offer its products to restaurants, offices, schools, government entities and other end users. National and regional chains include typically fast casual and fast-food restaurants with locations across multiple states. Retail includes primarily regional bubble tea shops, boutique coffee shops and frozen yogurt shops that often purchase its specialty beverage ingredients and related items. E-commerce/Online includes small businesses, such as small restaurants, bubble tea shops, coffee shops, juice bars, smoothie shops and some customers who purchase for personal use.

Sector

Non-Paper Containers & Packaging

Calendar

2024-05-09 - Q1 2024 Earnings Release

Related indices

Russell 2000

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Income Statement Evolution

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Ratings for Karat Packaging Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27.31 USD

Average target price

33.33 USD

Spread / Average Target

+22.06%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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