Clarus (CLAR) Expected to Announce Earnings of -$0.01 Per Share

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.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. DA Davidson reiterated a “buy” rating on shares of Clarus in a research note on Tuesday, May 8th. ValuEngine upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Lake Street Capital assumed coverage on shares of Clarus in a research note on Thursday, April 26th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Roth Capital set a $7.00 target price on shares of Clarus and gave the company a “hold” rating in a research note on Friday, March 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Clarus has an average rating of “Buy” and a consensus price target of $8.81.

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.

Get a free copy of the Zacks research report on Clarus (CLAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Millennium Management LLC Buys 4,317,598 Shares of KeyCorp
Millennium Management LLC Buys 4,317,598 Shares of KeyCorp
PointState Capital LP Invests $5.09 Million in Insmed Incorporated
PointState Capital LP Invests $5.09 Million in Insmed Incorporated
Steel Dynamics, Inc.  Shares Sold by PointState Capital LP
Steel Dynamics, Inc. Shares Sold by PointState Capital LP
PointState Capital LP Has $16.12 Million Stake in Bio-Rad Laboratories, Inc. Class A Common Stock
PointState Capital LP Has $16.12 Million Stake in Bio-Rad Laboratories, Inc. Class A Common Stock
Theodore Alan Huizenga Sells 955 Shares of Ultragenyx Pharmaceutical Inc  Stock
Theodore Alan Huizenga Sells 955 Shares of Ultragenyx Pharmaceutical Inc Stock
John Gaulding Sells 4,096 Shares of Energous Corp  Stock
John Gaulding Sells 4,096 Shares of Energous Corp Stock


Leave a Reply

© 2006-2018 Ticker Report. Google+.