Analysts Expect Clarus Corp (CLAR) Will Post Earnings of $0.18 Per Share

Wall Street brokerages expect Clarus Corp (NASDAQ:CLAR) to report earnings of $0.18 per share for the current quarter, according to Zacks. Three analysts have made estimates for Clarus’ earnings. Clarus reported earnings per share of $0.15 in the same quarter last year, which would suggest a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Monday, March 11th.

On average, analysts expect that Clarus will report full year earnings of $0.63 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.77 per share, with EPS estimates ranging from $0.76 to $0.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Clarus.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Clarus had a net margin of 4.71% and a return on equity of 9.59%. The firm had revenue of $55.69 million for the quarter, compared to analysts’ expectations of $53.27 million.

A number of research firms recently issued reports on CLAR. Zacks Investment Research raised shares of Clarus from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, November 9th. BidaskClub raised shares of Clarus from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 8th. Roth Capital raised shares of Clarus from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.50 to $13.00 in a research note on Monday, October 1st. Finally, Lake Street Capital lifted their target price on shares of Clarus to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Clarus currently has a consensus rating of “Buy” and a consensus target price of $12.50.

A number of institutional investors and hedge funds have recently made changes to their positions in CLAR. Algert Global LLC acquired a new stake in Clarus during the 2nd quarter worth $106,000. Panagora Asset Management Inc. acquired a new stake in Clarus during the 3rd quarter worth $145,000. Engineers Gate Manager LP acquired a new stake in Clarus during the 3rd quarter worth $187,000. Bank of America Corp DE boosted its stake in Clarus by 62.5% during the 2nd quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock worth $309,000 after purchasing an additional 14,401 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in Clarus during the 1st quarter worth $314,000. 52.15% of the stock is currently owned by institutional investors.

Clarus stock opened at $10.97 on Friday. Clarus has a 1 year low of $6.35 and a 1 year high of $12.00. The firm has a market capitalization of $329.55 million, a P/E ratio of 91.42, a P/E/G ratio of 2.08 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.14 and a current ratio of 4.94.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 2nd were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.10 annualized dividend and a yield of 0.91%. Clarus’s dividend payout ratio (DPR) is presently 83.33%.

Clarus Company Profile

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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