Wall Street analysts expect that Clarus Corp (NASDAQ:CLAR) will report earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Clarus’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. Clarus reported earnings of $0.01 per share in the same quarter last year, which suggests a positive year over year growth rate of 1,700%. The company is expected to announce its next quarterly earnings report on Monday, March 5th.
On average, analysts expect that Clarus will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.17 to $0.18. For the next fiscal year, analysts expect that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.58 to $0.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Clarus.
Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $45.77 million for the quarter, compared to the consensus estimate of $40.71 million. Clarus had a negative return on equity of 0.16% and a negative net margin of 5.07%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS.
Shares of Clarus (NASDAQ:CLAR) opened at $7.40 on Thursday. The stock has a market capitalization of $225.10, a P/E ratio of -27.41, a P/E/G ratio of 0.82 and a beta of 1.44. Clarus has a 1-year low of $5.00 and a 1-year high of $8.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.53 and a quick ratio of 1.68.
In other Clarus news, insider Aaron Kuehne bought 5,923 shares of the business’s stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $7.21 per share, with a total value of $42,704.83. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nicolas Sokolow bought 5,076 shares of the business’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $7.26 per share, for a total transaction of $36,851.76. The disclosure for this purchase can be found here. Company insiders own 33.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC bought a new stake in Clarus during the 4th quarter valued at $1,962,000. Northern Trust Corp raised its stake in Clarus by 271.7% during the 2nd quarter. Northern Trust Corp now owns 243,149 shares of the company’s stock valued at $1,617,000 after acquiring an additional 177,736 shares in the last quarter. State Street Corp raised its stake in Clarus by 1,618.8% during the 2nd quarter. State Street Corp now owns 197,712 shares of the company’s stock valued at $1,316,000 after acquiring an additional 186,209 shares in the last quarter. Boston Partners raised its stake in Clarus by 4.0% during the 4th quarter. Boston Partners now owns 193,800 shares of the company’s stock valued at $1,521,000 after acquiring an additional 7,486 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its stake in Clarus by 6.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 127,400 shares of the company’s stock valued at $847,000 after acquiring an additional 7,400 shares in the last quarter. 51.43% of the stock is currently owned by hedge funds and other institutional investors.
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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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