Clarus Corp (BDE) Set to Announce Earnings on Monday
Clarus Corp (NASDAQ:BDE) is set to post its quarterly earnings results after the market closes on Monday, October 30th.
Clarus Corp (NASDAQ:BDE) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.08). Clarus Corp had a negative return on equity of 9.29% and a negative net margin of 11.91%. The firm had revenue of $30.70 million for the quarter, compared to the consensus estimate of $30.63 million. During the same period last year, the company posted ($0.08) EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect Clarus Corp to post $0.07 EPS for the current fiscal year and $0.18 EPS for the next fiscal year.
Shares of Clarus Corp (NASDAQ:BDE) traded up 0.76% during mid-day trading on Monday, hitting $6.65. 225,449 shares of the stock were exchanged. Clarus Corp has a 52 week low of $4.75 and a 52 week high of $7.95. The stock’s 50-day moving average is $7.33 and its 200-day moving average is $6.47.
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An institutional investor recently raised its position in Clarus Corp stock. State Street Corp lifted its holdings in Clarus Corp (NASDAQ:BDE) by 1,618.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 197,712 shares of the company’s stock after acquiring an additional 186,209 shares during the quarter. State Street Corp’s holdings in Clarus Corp were worth $1,316,000 at the end of the most recent quarter. Institutional investors and hedge funds own 44.73% of the company’s stock.
Several brokerages have issued reports on BDE. Zacks Investment Research lowered shares of Clarus Corp from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Roth Capital set a $7.00 target price on shares of Clarus Corp and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus upgraded shares of Clarus Corp from a “hold” rating to a “buy” rating and lifted their target price for the company from $6.00 to $8.00 in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.42.
Clarus Corp Company Profile
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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