Clarus (CLAR) Set to Announce Quarterly Earnings on Thursday

Clarus (NASDAQ:CLAR) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Clarus to post earnings of ($0.01) per share for the quarter. Clarus has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. The business had revenue of $76.50 million during the quarter, compared to analysts’ expectations of $84.45 million. On average, analysts expect Clarus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clarus Stock Up 2.4 %

Shares of NASDAQ CLAR opened at $6.30 on Thursday. Clarus has a twelve month low of $4.77 and a twelve month high of $9.84. The stock’s 50 day moving average price is $6.30 and its 200-day moving average price is $6.04. The company has a market capitalization of $240.89 million, a PE ratio of -23.33 and a beta of 0.90.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.59%. Clarus’s payout ratio is presently -37.04%.

Analysts Set New Price Targets

Several research firms recently commented on CLAR. B. Riley dropped their price objective on Clarus from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Roth Mkm upped their price objective on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $7.00 price objective (down previously from $13.00) on shares of Clarus in a research note on Thursday, January 4th. Finally, StockNews.com upgraded Clarus to a “sell” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.75.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.