Clarus Corporation (CLAR) To Go Ex-Dividend on March 16th

Clarus Corporation (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, March 4th, NASDAQ Dividends reports. Shareholders of record on Monday, March 16th will be given a dividend of 0.025 per share on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, March 16th.

Clarus has a payout ratio of -66.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Clarus to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 66.7%.

Clarus Stock Performance

CLAR stock opened at $2.78 on Friday. Clarus has a 52 week low of $2.74 and a 52 week high of $4.16. The company’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.47. The company has a market capitalization of $106.75 million, a PE ratio of -2.30 and a beta of 1.11.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $65.41 million during the quarter, compared to the consensus estimate of $68.67 million. Clarus had a negative net margin of 18.59% and a negative return on equity of 0.82%. On average, analysts forecast that Clarus will post -0.06 EPS for the current year.

Analyst Ratings Changes

CLAR has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Roth Mkm cut their price objective on shares of Clarus from $3.50 to $3.25 and set a “neutral” rating for the company in a research report on Friday, March 6th. Lake Street Capital decreased their target price on shares of Clarus from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clarus in a report on Monday, December 29th. Finally, Stifel Nicolaus reduced their price target on shares of Clarus from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.08.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.