CLEAR Secure, Inc. Plans Quarterly Dividend of $0.15 (NYSE:YOU)

CLEAR Secure, Inc. (NYSE:YOU) declared a quarterly dividend on Monday, May 4th. Investors of record on Wednesday, June 10th will be given a dividend of 0.15 per share on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th.

CLEAR Secure has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CLEAR Secure to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 26.7%.

CLEAR Secure Price Performance

NYSE:YOU opened at $54.34 on Monday. The company has a market cap of $7.24 billion, a P/E ratio of 43.82 and a beta of 1.08. The stock’s fifty day moving average price is $54.84 and its two-hundred day moving average price is $43.81. CLEAR Secure has a 1 year low of $24.06 and a 1 year high of $62.73.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, analysts expect that CLEAR Secure will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Needham & Company LLC upped their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. Finally, Wells Fargo & Company upped their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CLEAR Secure presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman?Becker and Ken Cornick, CLEAR is headquartered in New York City.