Karooooo (KARO) Set to Announce Earnings on Monday

Karooooo (NASDAQ:KARO) will post its quarterly earnings results after the market closes on Monday, October 14th. Analysts expect Karooooo to post earnings of $0.38 per share for the quarter. Karooooo has set its FY 2025 guidance at 1.469-1.656 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Karooooo (NASDAQ:KARO) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Karooooo had a net margin of 18.70% and a return on equity of 27.88%. The company had revenue of $58.29 million during the quarter, compared to analyst estimates of $58.54 million. On average, analysts expect Karooooo to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Karooooo Stock Performance

Karooooo stock opened at $39.50 on Monday. The company has a market cap of $844.51 million, a PE ratio of 31.10 and a beta of 1.01. The company’s 50-day moving average is $37.79 and its two-hundred day moving average is $32.28. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. Karooooo has a 1 year low of $19.85 and a 1 year high of $43.79.

Karooooo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 8th were paid a dividend of $1.08 per share. This is a boost from Karooooo’s previous quarterly dividend of $0.85. This represents a $4.32 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend was Thursday, August 8th. Karooooo’s dividend payout ratio (DPR) is currently 340.16%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised their price target on Karooooo from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, July 11th.

Karooooo Company Profile

Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.