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

Wall Street analysts expect Clarus (NASDAQ:CLAR) to report ($0.01) earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Clarus’ earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. Clarus reported earnings of ($0.11) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 90.9%. The business is expected to report its next quarterly earnings results 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 expect that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.69 to $0.73. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Clarus.

Clarus (NASDAQ:CLAR) last announced its earnings results 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 during the quarter, compared to analyst estimates of $52.60 million.

A number of equities analysts have issued reports on CLAR shares. ValuEngine lowered Clarus from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Zacks Investment Research raised Clarus from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. Lake Street Capital started coverage on Clarus in a research report on Thursday, April 26th. They issued a “buy” rating and a $10.00 target price on the stock. DA Davidson reaffirmed a “buy” rating on shares of Clarus in a research report on Tuesday, May 8th. Finally, 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.81.

Several hedge funds have recently bought and sold shares of CLAR. Rice Hall James & Associates LLC acquired a new stake in shares of Clarus during the 4th quarter valued at approximately $1,962,000. Greenhouse Funds LLLP raised its position in shares of Clarus by 12.3% during the 4th quarter. Greenhouse Funds LLLP now owns 1,626,720 shares of the company’s stock valued at $12,770,000 after acquiring an additional 177,675 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Clarus during the 4th quarter valued at approximately $726,000. Dimensional Fund Advisors LP raised its position in shares of Clarus by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 503,802 shares of the company’s stock valued at $3,401,000 after acquiring an additional 87,133 shares in the last quarter. Finally, Fairpointe Capital LLC acquired a new stake in shares of Clarus during the 4th quarter valued at approximately $438,000. 51.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Clarus opened at $7.35 on Monday, according to MarketBeat.com. Clarus has a 52-week low of $5.20 and a 52-week high of $8.00. The company has a market capitalization of $220.80 million, a price-to-earnings ratio of 61.25 and a beta of 1.36. The company has a current ratio of 4.79, a quick ratio of 2.14 and a debt-to-equity ratio of 0.09.

About Clarus

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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