Brokerages expect that Clarus (NASDAQ:CLAR) will report $0.03 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Clarus’ earnings. Clarus reported earnings per share of ($0.11) in the same quarter last year, which would suggest a positive year-over-year growth rate of 127.3%. The firm is expected to announce its next earnings report on Monday, August 6th.
On average, analysts expect that Clarus will report full-year earnings of $0.52 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $0.70 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Clarus.
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Clarus (NASDAQ:CLAR) last released its earnings results on Monday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $53.27 million during the quarter, compared to analyst estimates of $52.60 million. Clarus had a net margin of 0.65% and a return on equity of 3.96%.
Several equities analysts have weighed in on the company. ValuEngine raised Clarus from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Roth Capital set a $7.00 target price on Clarus and gave the company a “hold” rating in a research report on Friday, March 16th. Lake Street Capital assumed coverage on Clarus in a research report on Thursday, April 26th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Zacks Investment Research downgraded Clarus from a “hold” rating to a “sell” rating in a research report on Friday, March 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Clarus presently has a consensus rating of “Hold” and an average price target of $8.81.
Several institutional investors have recently made changes to their positions in the company. Fairpointe Capital LLC acquired a new position in shares of Clarus during the fourth quarter worth about $438,000. Greenhouse Funds LLLP grew its position in shares of Clarus by 12.3% during the fourth quarter. Greenhouse Funds LLLP now owns 1,626,720 shares of the company’s stock worth $12,770,000 after buying an additional 177,675 shares in the last quarter. Millennium Management LLC grew its position in shares of Clarus by 51.9% during the fourth quarter. Millennium Management LLC now owns 63,608 shares of the company’s stock worth $499,000 after buying an additional 21,731 shares in the last quarter. Deutsche Bank AG grew its position in shares of Clarus by 7.4% during the fourth quarter. Deutsche Bank AG now owns 189,557 shares of the company’s stock worth $1,487,000 after buying an additional 13,050 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its position in shares of Clarus by 1.8% during the fourth quarter. Kennedy Capital Management Inc. now owns 1,876,610 shares of the company’s stock worth $14,731,000 after buying an additional 32,300 shares in the last quarter. 53.39% of the stock is owned by institutional investors and hedge funds.
NASDAQ CLAR traded down $0.15 during trading on Thursday, hitting $7.05. The stock had a trading volume of 12,225 shares, compared to its average volume of 80,836. The company has a market cap of $214.79 million, a P/E ratio of 58.75, a P/E/G ratio of 1.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.79 and a quick ratio of 2.09. Clarus has a twelve month low of $7.05 and a twelve month high of $7.20.
Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, South America, and internationally. It operates in two segments, Black Diamond and Sierra.
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