Clarus Corp (CLAR) Expected to Announce Earnings of $0.07 Per Share

Equities research analysts forecast that Clarus Corp (NASDAQ:CLAR) will report $0.07 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Clarus’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.04. Clarus posted earnings of $0.09 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The firm is scheduled to report its next quarterly earnings results on Monday, August 5th.

On average, analysts expect that Clarus will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $0.81. For the next year, analysts forecast that the firm will report earnings of $0.97 per share, with EPS estimates ranging from $0.93 to $1.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Clarus.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Clarus had a net margin of 4.85% and a return on equity of 11.92%. The firm had revenue of $61.22 million for the quarter, compared to the consensus estimate of $58.13 million.

Several equities analysts have commented on CLAR shares. Lake Street Capital upped their price objective on shares of Clarus to $15.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. BidaskClub upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research downgraded shares of Clarus from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.75.

NASDAQ:CLAR opened at $13.50 on Monday. Clarus has a one year low of $7.25 and a one year high of $14.90. The firm has a market capitalization of $404.13 million, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.22 and a current ratio of 5.25.

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.74%. Clarus’s dividend payout ratio (DPR) is currently 17.54%.

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Clarus in the 1st quarter valued at approximately $31,000. Acadian Asset Management LLC acquired a new stake in shares of Clarus during the 4th quarter worth approximately $58,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Clarus during the 4th quarter worth approximately $77,000. Meeder Asset Management Inc. grew its position in shares of Clarus by 3,753.7% during the 4th quarter. Meeder Asset Management Inc. now owns 7,900 shares of the company’s stock worth $81,000 after buying an additional 7,695 shares during the period. Finally, Price Wealth Management Inc. acquired a new stake in shares of Clarus during the 4th quarter worth approximately $86,000. 56.07% of the stock is owned by hedge funds and other institutional investors.

Clarus Company Profile

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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