Equities research analysts expect Clarus Corp (NASDAQ:CLAR) to announce sales of $53.27 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Clarus’ earnings. The lowest sales estimate is $52.00 million and the highest is $54.51 million. Clarus posted sales of $45.77 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The business is scheduled to report its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that Clarus will report full year sales of $209.34 million for the current financial year, with estimates ranging from $208.50 million to $210.42 million. For the next fiscal year, analysts forecast that the firm will report sales of $226.76 million, with estimates ranging from $225.40 million to $227.97 million. Zacks’ sales averages are an average based on a survey of research firms that cover Clarus.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.13. Clarus had a net margin of 2.06% and a return on equity of 7.41%. The company had revenue of $45.88 million for the quarter, compared to the consensus estimate of $40.80 million.

A number of research firms have recently issued reports on CLAR. BidaskClub upgraded shares of Clarus from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. ValuEngine upgraded shares of Clarus from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Lake Street Capital lifted their price objective on shares of Clarus to $12.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Roth Capital set a $10.00 price objective on shares of Clarus and gave the company a “hold” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.25.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fairpointe Capital LLC increased its holdings in Clarus by 82.2% during the second quarter. Fairpointe Capital LLC now owns 110,844 shares of the company’s stock worth $914,000 after buying an additional 50,000 shares during the last quarter. Millennium Management LLC increased its holdings in Clarus by 91.2% during the second quarter. Millennium Management LLC now owns 191,408 shares of the company’s stock worth $1,579,000 after buying an additional 91,295 shares during the last quarter. Bank of America Corp DE boosted its position in Clarus by 62.5% during the second quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock worth $309,000 after purchasing an additional 14,401 shares during the period. Manatuck Hill Partners LLC bought a new position in Clarus during the second quarter worth $990,000. Finally, Renaissance Technologies LLC boosted its position in Clarus by 9.1% during the second quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock worth $7,891,000 after purchasing an additional 79,742 shares during the period. Institutional investors and hedge funds own 52.13% of the company’s stock.

Shares of NASDAQ CLAR traded up $0.17 during midday trading on Monday, reaching $10.37. The company’s stock had a trading volume of 94,652 shares, compared to its average volume of 85,614. The company has a quick ratio of 1.72, a current ratio of 4.37 and a debt-to-equity ratio of 0.10. Clarus has a fifty-two week low of $6.35 and a fifty-two week high of $12.00. The company has a market capitalization of $331.96 million, a PE ratio of 86.42, a price-to-earnings-growth ratio of 2.40 and a beta of 1.44.

About Clarus

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.

See Also: What is a put option?

Get a free copy of the Zacks research report on Clarus (CLAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.