Zacks: Analysts Anticipate Clarus Corp (NASDAQ:CLAR) Will Announce Earnings of $0.07 Per Share

Brokerages expect Clarus Corp (NASDAQ:CLAR) to report earnings per share (EPS) of $0.07 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Clarus’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. Clarus reported 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 expected to announce its next earnings results after the market closes on Monday, August 5th.

On average, analysts expect that Clarus will report full year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.81. For the next fiscal 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 an average based on a survey of analysts that follow Clarus.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $58.13 million.

A number of equities analysts have issued reports on CLAR shares. BidaskClub upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, June 15th. Zacks Investment Research cut shares of Clarus from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Macquarie assumed coverage on shares of Clarus in a research report on Friday, July 12th. They set an “outperform” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Clarus has an average rating of “Buy” and an average price target of $15.20.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new stake in Clarus during the second quarter worth about $49,000. Metropolitan Life Insurance Co. NY bought a new stake in Clarus during the fourth quarter worth about $77,000. MetLife Investment Advisors LLC bought a new stake in Clarus during the fourth quarter worth about $105,000. Strs Ohio bought a new stake in Clarus during the first quarter worth about $108,000. Finally, Squarepoint Ops LLC boosted its stake in Clarus by 10.3% during the fourth quarter. Squarepoint Ops LLC now owns 12,332 shares of the company’s stock worth $125,000 after acquiring an additional 1,151 shares in the last quarter. Institutional investors own 61.63% of the company’s stock.

Shares of CLAR stock traded up $0.03 during mid-day trading on Friday, reaching $14.01. The stock had a trading volume of 108,245 shares, compared to its average volume of 158,478. The company has a 50-day moving average price of $14.21. Clarus has a 52-week low of $8.74 and a 52-week high of $15.10. The company has a market capitalization of $429.53 million, a price-to-earnings ratio of 22.11, a PEG ratio of 2.07 and a beta of 1.27. The company has a quick ratio of 2.22, a current ratio of 5.25 and a debt-to-equity ratio of 0.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, August 2nd. Clarus’s dividend payout ratio is currently 17.54%.

About Clarus

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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