Wall Street brokerages forecast that Clarus Corp (NASDAQ:CLAR) will report $49.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Clarus’ earnings. The highest sales estimate is $49.68 million and the lowest is $49.10 million. Clarus reported sales of $41.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The firm is scheduled to issue its next earnings report on Monday, March 5th.
On average, analysts expect that Clarus will report full year sales of $49.33 million for the current fiscal year, with estimates ranging from $167.20 million to $167.69 million. For the next financial year, analysts anticipate that the firm will post sales of $199.08 million per share, with estimates ranging from $196.95 million to $200.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Clarus.
CLAR has been the subject of several research analyst reports. Zacks Investment Research raised Clarus from a “hold” rating to a “strong-buy” rating and set a $8.25 price objective for the company in a report on Friday, November 10th. Stifel Nicolaus set a $10.00 target price on Clarus and gave the company a “buy” rating in a research note on Saturday, December 16th.
A number of hedge funds have recently modified their holdings of CLAR. Stifel Financial Corp boosted its stake in Clarus by 2.0% in the second quarter. Stifel Financial Corp now owns 20,898 shares of the company’s stock valued at $139,000 after acquiring an additional 400 shares during the period. Ameriprise Financial Inc. acquired a new position in Clarus in the second quarter valued at approximately $146,000. Rhumbline Advisers acquired a new position in Clarus in the second quarter valued at approximately $175,000. Schwab Charles Investment Management Inc. acquired a new position in Clarus in the second quarter valued at approximately $232,000. Finally, Teachers Advisors LLC acquired a new position in Clarus in the second quarter valued at approximately $240,000. Institutional investors own 51.15% of the company’s stock.
Shares of Clarus (NASDAQ:CLAR) remained flat at $$7.45 during trading on Friday. 39,896 shares of the stock were exchanged, compared to its average volume of 54,990. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.53 and a quick ratio of 1.68. The stock has a market capitalization of $223.81, a P/E ratio of -27.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. Clarus has a 52-week low of $5.00 and a 52-week high of $8.00.
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Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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