Clarus (CLAR) Scheduled to Post Earnings on Thursday

Clarus (NASDAQ:CLAR) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Clarus has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The company had revenue of $76.50 million during the quarter, compared to the consensus estimate of $84.45 million. Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. On average, analysts expect Clarus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clarus Stock Up 2.7 %

Shares of Clarus stock opened at $6.45 on Tuesday. The firm’s 50 day moving average is $6.31 and its 200 day moving average is $6.04. Clarus has a 1 year low of $4.77 and a 1 year high of $9.71.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a $0.025 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.10 dividend on an annualized basis and a yield of 1.55%. Clarus’s dividend payout ratio is currently -37.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on CLAR shares. Jefferies Financial Group reiterated a “hold” rating and issued a $7.00 price target (down from $13.00) on shares of Clarus in a research note on Thursday, January 4th. StockNews.com raised Clarus to a “sell” rating in a report on Thursday, April 11th. B. Riley cut their price target on Clarus from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Roth Mkm upped their price objective on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.75.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.