Clarus (CLAR) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

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.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. Stifel Nicolaus set a $10.00 price objective on shares of Clarus and gave the company a “buy” rating in a report on Saturday, December 16th.

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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.

Earnings History for Clarus (NASDAQ:CLAR)

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