Clarus (CLAR) Set to Announce Quarterly Earnings on Thursday

Clarus (NASDAQ:CLAR) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Clarus has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Clarus had a negative net margin of 2.84% and a positive return on equity of 3.31%. The business had revenue of $76.50 million during the quarter, compared to the consensus estimate of $84.45 million. On average, analysts expect Clarus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clarus Stock Up 2.4 %

Shares of Clarus stock opened at $6.30 on Thursday. The stock has a market capitalization of $240.89 million, a price-to-earnings ratio of -23.33 and a beta of 0.90. Clarus has a twelve month low of $4.77 and a twelve month high of $9.84. The company has a 50-day simple moving average of $6.30 and a two-hundred day simple moving average of $6.04.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a $0.025 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.59%. Clarus’s payout ratio is -37.04%.

Analyst Ratings Changes

CLAR has been the topic of a number of recent research reports. StockNews.com upgraded Clarus to a “sell” rating in a research note on Thursday, April 11th. B. Riley cut their price target on shares of Clarus from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Roth Mkm lifted their price objective on shares of Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $7.00 target price (down from $13.00) on shares of Clarus in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.75.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.