$0.16 Earnings Per Share Expected for Clarus Corp (CLAR) This Quarter

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Equities analysts expect that Clarus Corp (NASDAQ:CLAR) will announce earnings per share of $0.16 for the current quarter, Zacks reports. Three analysts have issued estimates for Clarus’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. Clarus reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year over year growth rate of 60%. The firm is expected to announce its next earnings report on Monday, November 5th.

On average, analysts expect that Clarus will report full year earnings of $0.55 per share for the current year. For the next year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.72 to $0.73. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Clarus.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.13. The company had revenue of $45.88 million during the quarter, compared to analyst estimates of $40.80 million. Clarus had a return on equity of 7.41% and a net margin of 2.06%.

Several research analysts recently weighed in on the company. BidaskClub upgraded Clarus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. ValuEngine upgraded Clarus from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Lake Street Capital upped their price target on Clarus to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Roth Capital set a $10.00 price target on Clarus and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut Clarus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Clarus has a consensus rating of “Buy” and a consensus price target of $12.25.

A number of large investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. lifted its stake in Clarus by 25.2% during the first quarter. Brown Advisory Inc. now owns 1,561,214 shares of the company’s stock worth $10,537,000 after purchasing an additional 313,968 shares in the last quarter. BlackRock Inc. lifted its stake in Clarus by 4.6% during the second quarter. BlackRock Inc. now owns 1,103,030 shares of the company’s stock worth $9,099,000 after purchasing an additional 48,658 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Clarus by 9.1% during the second quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock worth $7,891,000 after purchasing an additional 79,742 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Clarus by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 552,180 shares of the company’s stock worth $4,555,000 after purchasing an additional 48,378 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Clarus by 91.2% during the second quarter. Millennium Management LLC now owns 191,408 shares of the company’s stock worth $1,579,000 after purchasing an additional 91,295 shares in the last quarter. Institutional investors own 52.13% of the company’s stock.

Clarus stock traded up $0.17 during mid-day trading on Friday, hitting $10.37. The company’s stock had a trading volume of 94,652 shares, compared to its average volume of 85,614. The firm has a market capitalization of $331.96 million, a price-to-earnings ratio of 86.42, a PEG ratio of 2.40 and a beta of 1.44. Clarus has a 1 year low of $6.35 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.72 and a current ratio of 4.37.

Clarus Company Profile

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

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