Clarus (NASDAQ:CLAR) released its quarterly earnings data on Monday. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02), Bloomberg Earnings reports. Clarus had a negative net margin of 5.07% and a negative return on equity of 0.16%. The company had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $49.33 million. Clarus’s revenue for the quarter was up 27.3% compared to the same quarter last year.
Clarus (CLAR) traded up $0.10 on Monday, hitting $6.90. 79,627 shares of the stock traded hands, compared to its average volume of 59,071. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.53 and a quick ratio of 1.68. Clarus has a 1 year low of $5.10 and a 1 year high of $8.00. The stock has a market capitalization of $204.28, a PE ratio of -25.37, a price-to-earnings-growth ratio of 0.86 and a beta of 1.48.
An institutional investor recently bought a new position in Clarus stock. California State Teachers Retirement System acquired a new stake in shares of Clarus Corp (NASDAQ:CLAR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,400 shares of the company’s stock, valued at approximately $242,000. Institutional investors and hedge funds own 52.98% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/03/12/clarus-clar-posts-quarterly-earnings-results-misses-estimates-by-0-02-eps.html.
Clarus 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.
Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.