Brokerages forecast that Black Diamond, Inc. (NASDAQ:CLAR) will report $40.71 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Black Diamond’s earnings, with the highest sales estimate coming in at $41.40 million and the lowest estimate coming in at $40.10 million. Black Diamond reported sales of $39.44 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is expected to issue its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that Black Diamond will report full-year sales of $40.71 million for the current year, with estimates ranging from $156.33 million to $157.80 million. For the next financial year, analysts anticipate that the firm will post sales of $166.74 million per share, with estimates ranging from $163.03 million to $169.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Black Diamond.

A number of research firms have issued reports on CLAR. Zacks Investment Research raised Black Diamond from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a report on Friday, October 20th. Roth Capital set a $7.00 target price on Black Diamond and gave the company a “hold” rating in a report on Wednesday, August 23rd.

In other Black Diamond news, Director Nicolas Sokolow bought 25,000 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average price of $7.10 per share, with a total value of $177,500.00. Following the acquisition, the director now directly owns 65,000 shares of the company’s stock, valued at approximately $461,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 60,425 shares of company stock worth $404,656 in the last ninety days. Insiders own 33.60% of the company’s stock.

An institutional investor recently bought a new position in Black Diamond stock. Nationwide Fund Advisors bought a new position in shares of Black Diamond, Inc. (NASDAQ:CLAR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 56,382 shares of the company’s stock, valued at approximately $423,000. Nationwide Fund Advisors owned 0.19% of Black Diamond at the end of the most recent reporting period. Institutional investors and hedge funds own 47.67% of the company’s stock.

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Black Diamond (NASDAQ:CLAR) opened at 7.30 on Wednesday. The firm’s market capitalization is $219.09 million. The firm has a 50 day moving average price of $7.32 and a 200-day moving average price of $6.57. Black Diamond has a 12 month low of $4.75 and a 12 month high of $7.95.

About Black Diamond

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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