Zacks: Brokerages Expect Clarus Corp (CLAR) to Announce $0.16 Earnings Per Share

Wall Street analysts expect that Clarus Corp (NASDAQ:CLAR) will post earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Clarus’ earnings, with estimates ranging from $0.15 to $0.17. Clarus reported earnings per share of $0.10 during the same quarter last year, which suggests a positive year over year growth rate of 60%. The firm is expected to report its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that Clarus will report full-year earnings of $0.55 per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.72 to $0.73. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Clarus.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.13. Clarus had a net margin of 2.06% and a return on equity of 7.41%. The firm had revenue of $45.88 million for the quarter, compared to the consensus estimate of $40.80 million.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Clarus from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 3rd. Roth Capital upgraded shares of Clarus from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.50 to $13.00 in a research report on Monday, October 1st. Zacks Investment Research upgraded shares of Clarus from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Monday. Lake Street Capital raised their price target on shares of Clarus to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Stifel Nicolaus raised their price target on shares of Clarus from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $12.25.

Several institutional investors have recently bought and sold shares of CLAR. Dimensional Fund Advisors LP lifted its position in shares of Clarus by 20.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 503,802 shares of the company’s stock worth $3,401,000 after buying an additional 87,133 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Clarus in the 1st quarter worth about $314,000. Millennium Management LLC increased its holdings in shares of Clarus by 57.4% in the 1st quarter. Millennium Management LLC now owns 100,113 shares of the company’s stock worth $676,000 after acquiring an additional 36,505 shares during the period. Brown Advisory Inc. increased its holdings in shares of Clarus by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 1,561,214 shares of the company’s stock worth $10,537,000 after acquiring an additional 313,968 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its holdings in shares of Clarus by 53.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 47,499 shares of the company’s stock worth $392,000 after acquiring an additional 16,524 shares during the period. Institutional investors own 52.13% of the company’s stock.

NASDAQ CLAR opened at $10.80 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 4.37. Clarus has a 12 month low of $6.35 and a 12 month high of $12.00. The firm has a market cap of $331.96 million, a price-to-earnings ratio of 90.00, a P/E/G ratio of 2.40 and a beta of 1.44.

About Clarus

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

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