Clarus (CLAR) Expected to Announce Earnings of $0.16 Per Share

Equities analysts predict that Clarus (NASDAQ:CLAR) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Clarus’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Clarus posted earnings per share of $0.02 during the same quarter last year, which indicates a positive year over year growth rate of 700%. The firm is scheduled to announce its next earnings results on Monday, May 14th.

On average, analysts expect that Clarus will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.51 to $0.52. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.70 per share, with EPS estimates ranging from $0.69 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Clarus.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Monday, March 12th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $49.33 million. Clarus had a positive return on equity of 2.22% and a negative net margin of 0.39%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis.

CLAR has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Roth Capital set a $7.00 price objective on shares of Clarus and gave the stock a “hold” rating in a research report on Friday, March 16th. Finally, ValuEngine cut shares of Clarus from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd.

Several large investors have recently bought and sold shares of CLAR. State Street Corp boosted its position in shares of Clarus by 1,618.8% during the 2nd quarter. State Street Corp now owns 197,712 shares of the company’s stock worth $1,316,000 after purchasing an additional 186,209 shares during the period. California State Teachers Retirement System purchased a new position in Clarus in the 2nd quarter valued at approximately $242,000. Nationwide Fund Advisors purchased a new position in Clarus in the 3rd quarter valued at approximately $423,000. Mesirow Financial Investment Management Inc. purchased a new position in Clarus in the 4th quarter valued at approximately $247,000. Finally, Rice Hall James & Associates LLC purchased a new position in Clarus in the 4th quarter valued at approximately $1,962,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CLAR traded up $0.20 during mid-day trading on Monday, reaching $6.95. 180,433 shares of the company were exchanged, compared to its average volume of 66,689. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.09 and a current ratio of 5.03. The stock has a market capitalization of $202.78, a P/E ratio of 56.25, a PEG ratio of 1.50 and a beta of 1.38. Clarus has a 1 year low of $5.15 and a 1 year high of $8.00.

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About Clarus

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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