Equities research analysts expect Clarus Corp (NASDAQ:CLAR) to post earnings per share of $0.20 for the current quarter, Zacks reports. Two analysts have made estimates for Clarus’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. Clarus reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The company is expected to announce its next quarterly earnings report on Monday, March 11th.
According to Zacks, analysts expect that Clarus will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.63 to $0.65. For the next year, analysts forecast that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.77 to $0.78. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Clarus.
A number of research firms have issued reports on CLAR. Zacks Investment Research downgraded Clarus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. BidaskClub raised Clarus from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. Finally, ValuEngine downgraded Clarus from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $12.00.
In other news, insider Warren B. Kanders sold 1,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $10.83, for a total transaction of $15,162,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 29.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLAR. Manatuck Hill Partners LLC increased its position in shares of Clarus by 198.4% during the 3rd quarter. Manatuck Hill Partners LLC now owns 358,100 shares of the company’s stock valued at $3,957,000 after purchasing an additional 238,100 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Clarus during the 4th quarter valued at approximately $1,877,000. Millennium Management LLC increased its position in shares of Clarus by 91.2% during the 2nd quarter. Millennium Management LLC now owns 191,408 shares of the company’s stock valued at $1,579,000 after purchasing an additional 91,295 shares during the last quarter. EAM Investors LLC bought a new position in shares of Clarus during the 3rd quarter valued at approximately $834,000. Finally, Oberweis Asset Management Inc. purchased a new position in Clarus during the 4th quarter valued at $713,000. 52.60% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CLAR traded up $0.09 during trading hours on Friday, reaching $11.33. The stock had a trading volume of 239,348 shares, compared to its average volume of 156,450. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.94 and a quick ratio of 2.14. Clarus has a 52 week low of $6.35 and a 52 week high of $12.00. The company has a market cap of $338.20 million, a price-to-earnings ratio of 94.42, a PEG ratio of 1.68 and a beta of 1.28.
The business also recently announced a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Tuesday, January 29th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, January 28th. Clarus’s dividend payout ratio is currently 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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