Clarus (NASDAQ:CLAR) announced its quarterly earnings results on Monday. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07, Morningstar.com reports. Clarus had a net margin of 2.06% and a return on equity of 7.41%. The business had revenue of $55.69 million for the quarter, compared to analyst estimates of $53.27 million. Clarus updated its FY 2018 guidance to EPS.
NASDAQ CLAR traded up $0.97 during trading on Tuesday, reaching $11.17. The company’s stock had a trading volume of 234,301 shares, compared to its average volume of 105,487. The company has a quick ratio of 1.72, a current ratio of 4.37 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $306.72 million, a P/E ratio of 93.08, a P/E/G ratio of 2.22 and a beta of 1.33. Clarus has a 12 month low of $6.35 and a 12 month high of $12.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Friday, November 2nd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, November 1st. Clarus’s dividend payout ratio is currently 83.33%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC bought a new stake in Clarus in the 2nd quarter valued at about $106,000. Engineers Gate Manager LP bought a new stake in Clarus in the 3rd quarter valued at about $187,000. Bank of America Corp DE boosted its holdings in Clarus by 62.5% in the 2nd quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock valued at $309,000 after purchasing an additional 14,401 shares during the period. GSA Capital Partners LLP boosted its holdings in Clarus by 183.8% in the 2nd quarter. GSA Capital Partners LLP now owns 45,856 shares of the company’s stock valued at $378,000 after purchasing an additional 29,700 shares during the period. Finally, LPL Financial LLC bought a new stake in Clarus in the 1st quarter valued at about $314,000. 51.87% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Clarus from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, October 17th. BidaskClub lowered shares of Clarus from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 21st. Roth Capital upgraded shares of Clarus from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.50 to $13.00 in a research note on Monday, October 1st. Finally, ValuEngine upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $11.75.
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Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.
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