Clarus Corp (NASDAQ:CLAR) Expected to Post Quarterly Sales of $34.47 Million

Wall Street brokerages predict that Clarus Corp (NASDAQ:CLAR) will post $34.47 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Clarus’ earnings, with estimates ranging from $34.20 million to $35.00 million. Clarus reported sales of $46.99 million in the same quarter last year, which indicates a negative year over year growth rate of 26.6%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, August 10th.

On average, analysts expect that Clarus will report full-year sales of $198.13 million for the current year, with estimates ranging from $194.40 million to $201.00 million. For the next year, analysts anticipate that the firm will report sales of $219.83 million, with estimates ranging from $216.00 million to $221.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Clarus.

Clarus (NASDAQ:CLAR) last announced its earnings results on Monday, May 11th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $53.56 million for the quarter, compared to the consensus estimate of $53.40 million. Clarus had a net margin of 6.86% and a return on equity of 8.41%.

A number of analysts have issued reports on CLAR shares. Roth Capital raised Clarus from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $14.50 in a report on Friday, July 24th. Zacks Investment Research lowered Clarus from a “buy” rating to a “hold” rating in a report on Friday. TheStreet raised Clarus from a “c+” rating to a “b-” rating in a report on Friday, June 12th. BidaskClub raised Clarus from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on Clarus from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Clarus presently has a consensus rating of “Buy” and an average target price of $14.40.

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in shares of Clarus by 38.9% during the 4th quarter. Citigroup Inc. now owns 4,697 shares of the company’s stock worth $64,000 after buying an additional 1,316 shares during the period. Marshall Wace North America L.P. raised its position in Clarus by 114.5% in the 4th quarter. Marshall Wace North America L.P. now owns 8,780 shares of the company’s stock valued at $119,000 after purchasing an additional 4,687 shares during the last quarter. SG Americas Securities LLC bought a new position in Clarus in the 2nd quarter valued at $148,000. Alliancebernstein L.P. raised its position in Clarus by 29.9% in the 1st quarter. Alliancebernstein L.P. now owns 15,200 shares of the company’s stock valued at $149,000 after purchasing an additional 3,500 shares during the last quarter. Finally, M&T Bank Corp raised its position in Clarus by 43.3% in the 1st quarter. M&T Bank Corp now owns 19,366 shares of the company’s stock valued at $190,000 after purchasing an additional 5,850 shares during the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.

Shares of CLAR traded up $0.05 during midday trading on Tuesday, reaching $11.98. 143,472 shares of the stock were exchanged, compared to its average volume of 132,743. The firm has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $11.06. The company has a quick ratio of 2.91, a current ratio of 6.38 and a debt-to-equity ratio of 0.18. Clarus has a 12-month low of $7.88 and a 12-month high of $14.70. The company has a market cap of $357.34 million, a price-to-earnings ratio of 24.51 and a beta of 1.18.

The business also recently announced a dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be given a dividend of $0.025 per share. The ex-dividend date is Friday, August 7th. Clarus’s dividend payout ratio (DPR) is presently 16.39%.

Clarus Company Profile

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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