Clarus Corp (NASDAQ:CLAR) – Equities research analysts at DA Davidson upped their Q4 2018 earnings per share estimates for shares of Clarus in a research report issued on Tuesday, November 6th. DA Davidson analyst M. Kawamoto now anticipates that the company will post earnings per share of $0.15 for the quarter, up from their prior estimate of $0.14. DA Davidson also issued estimates for Clarus’ FY2020 earnings at $0.80 EPS.
Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.07. Clarus had a net margin of 4.71% and a return on equity of 9.59%. The business had revenue of $55.69 million during the quarter, compared to analysts’ expectations of $53.27 million.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Clarus from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, October 30th. Roth Capital upgraded shares of Clarus from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.50 to $13.00 in a report on Monday, October 1st. Stifel Nicolaus boosted their price objective on shares of Clarus from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, BidaskClub upgraded shares of Clarus from a “buy” rating to a “strong-buy” rating in a report on Thursday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Clarus presently has an average rating of “Buy” and a consensus price target of $12.50.
CLAR stock opened at $11.49 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.94 and a quick ratio of 1.72. Clarus has a one year low of $6.35 and a one year high of $12.00. The company has a market capitalization of $342.38 million, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.49 and a beta of 1.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 2nd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.87%. Clarus’s payout ratio is 83.33%.
Several institutional investors and hedge funds have recently made changes to their positions in CLAR. Manatuck Hill Partners LLC bought a new stake in shares of Clarus in the 2nd quarter worth approximately $990,000. Millennium Management LLC raised its holdings in Clarus by 91.2% during the 2nd quarter. Millennium Management LLC now owns 191,408 shares of the company’s stock valued at $1,579,000 after buying an additional 91,295 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 87,133 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Clarus by 9.1% during the 2nd quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock valued at $7,891,000 after buying an additional 79,742 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in Clarus during the 3rd quarter valued at $834,000. Hedge funds and other institutional investors own 51.87% of the company’s stock.
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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