Equities analysts predict that Clarus (NASDAQ:CLAR) will report earnings per share (EPS) of ($0.01) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Clarus’ earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. Clarus reported earnings per share of ($0.11) during the same quarter last year, which indicates a positive year over year growth rate of 90.9%. The company is scheduled to announce its next earnings report on Monday, August 6th.
According to Zacks, analysts expect that Clarus will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.52. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.69 to $0.73. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Clarus.
Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Monday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Clarus had a net margin of 0.65% and a return on equity of 3.96%. The business had revenue of $53.27 million for the quarter, compared to the consensus estimate of $52.60 million.
Shares of NASDAQ CLAR traded up $0.10 during midday trading on Thursday, reaching $7.45. 88,800 shares of the company’s stock traded hands, compared to its average volume of 68,893. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 4.79. Clarus has a one year low of $5.20 and a one year high of $8.00. The company has a market cap of $223.81 million, a PE ratio of 61.00 and a beta of 1.39.
A number of institutional investors and hedge funds have recently made changes to their positions in CLAR. Boston Partners boosted its stake in Clarus by 4.0% in the fourth quarter. Boston Partners now owns 193,800 shares of the company’s stock valued at $1,521,000 after acquiring an additional 7,486 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Clarus by 85.4% in the fourth quarter. Wells Fargo & Company MN now owns 32,995 shares of the company’s stock valued at $259,000 after acquiring an additional 15,199 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Clarus in the fourth quarter valued at approximately $726,000. Kennedy Capital Management Inc. boosted its stake in Clarus by 1.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 1,876,610 shares of the company’s stock valued at $14,731,000 after acquiring an additional 32,300 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Clarus by 7.4% in the fourth quarter. Deutsche Bank AG now owns 189,557 shares of the company’s stock valued at $1,487,000 after acquiring an additional 13,050 shares in the last quarter. Institutional investors own 51.57% of the company’s stock.
Clarus Company Profile
Clarus Corp. engages in design, manufacture, and marketing of outdoor equipment; and apparel for climbing, mountaineering, backpacking, skiing; and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. The company was founded in 1989 and is headquartered in Salt Lake City, UT.
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