Clear Secure (YOU) Scheduled to Post Quarterly Earnings on Wednesday

Clear Secure (NYSE:YOU) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Clear Secure has set its Q1 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. On average, analysts expect Clear Secure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clear Secure Trading Down 1.3 %

NYSE YOU opened at $17.61 on Monday. The stock has a market cap of $2.80 billion, a PE ratio of 58.70 and a beta of 1.59. Clear Secure has a twelve month low of $15.28 and a twelve month high of $27.75. The stock has a fifty day simple moving average of $19.18 and a 200-day simple moving average of $19.72.

Clear Secure Increases Dividend

The firm also recently declared a None dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, March 28th. This is a boost from Clear Secure’s previous None dividend of $0.25. Clear Secure’s dividend payout ratio is currently 120.00%.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the sale, the insider now owns 41,727 shares of the company’s stock, valued at approximately $834,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a report on Tuesday, March 26th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a report on Tuesday, March 26th. Finally, Wedbush lowered their target price on Clear Secure from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Clear Secure presently has an average rating of “Hold” and an average target price of $28.40.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.