Clarus (CLAR) to Release Quarterly Earnings on Thursday

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

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

Clarus Price Performance

Clarus stock opened at $6.45 on Tuesday. The business’s fifty day moving average is $6.31 and its two-hundred day moving average is $6.04. Clarus has a 52 week low of $4.77 and a 52 week high of $9.71.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.10 annualized dividend and a yield of 1.55%. Clarus’s dividend payout ratio (DPR) is -37.04%.

Analyst Upgrades and Downgrades

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

About Clarus

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.