$60.74 Million in Sales Expected for Clarus Corp (NASDAQ:CLAR) This Quarter

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Wall Street brokerages expect Clarus Corp (NASDAQ:CLAR) to report sales of $60.74 million for the current quarter, according to Zacks. Three analysts have provided estimates for Clarus’ earnings, with the highest sales estimate coming in at $61.60 million and the lowest estimate coming in at $59.23 million. Clarus reported sales of $55.69 million in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The company is expected to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Clarus will report full-year sales of $230.81 million for the current fiscal year, with estimates ranging from $230.00 million to $232.30 million. For the next year, analysts expect that the firm will post sales of $249.83 million, with estimates ranging from $248.20 million to $252.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Clarus.

Clarus (NASDAQ:CLAR) last issued its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Clarus had a net margin of 4.87% and a return on equity of 11.22%. The firm had revenue of $46.99 million during the quarter, compared to analyst estimates of $44.73 million.

CLAR has been the topic of several research analyst reports. Roth Capital reissued a “neutral” rating and issued a $14.00 price target on shares of Clarus in a report on Tuesday, August 6th. They noted that the move was a valuation call. ValuEngine cut shares of Clarus from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research cut shares of Clarus from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. BidaskClub raised shares of Clarus from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, DA Davidson reissued a “neutral” rating on shares of Clarus in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.25.

Shares of NASDAQ:CLAR opened at $11.59 on Thursday. Clarus has a 52-week low of $8.56 and a 52-week high of $15.10. The company has a market capitalization of $365.57 million, a P/E ratio of 20.33 and a beta of 1.39. The company has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $12.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 3.96.

A number of institutional investors have recently added to or reduced their stakes in CLAR. Dimensional Fund Advisors LP increased its holdings in shares of Clarus by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,833 shares of the company’s stock worth $5,857,000 after purchasing an additional 17,308 shares during the period. Strs Ohio bought a new position in shares of Clarus during the first quarter worth approximately $108,000. Angeles Investment Advisors LLC bought a new position in shares of Clarus during the first quarter worth approximately $1,409,000. Baker Ellis Asset Management LLC increased its holdings in shares of Clarus by 168.6% during the first quarter. Baker Ellis Asset Management LLC now owns 27,400 shares of the company’s stock worth $351,000 after purchasing an additional 17,200 shares during the period. Finally, Handelsbanken Fonder AB bought a new position in shares of Clarus during the first quarter worth approximately $640,000. 64.62% of the stock is currently owned by hedge funds and other institutional investors.

About Clarus

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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