Clarus Co. (NASDAQ:CLAR) Expected to Post Quarterly Sales of $99.08 Million

Analysts forecast that Clarus Co. (NASDAQ:CLAR) will announce $99.08 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Clarus’ earnings, with the lowest sales estimate coming in at $94.00 million and the highest estimate coming in at $101.20 million. Clarus posted sales of $64.49 million in the same quarter last year, which would indicate a positive year over year growth rate of 53.6%. The firm is expected to issue its next earnings results on Monday, November 8th.

On average, analysts expect that Clarus will report full-year sales of $350.93 million for the current financial year, with estimates ranging from $350.00 million to $353.70 million. For the next financial year, analysts anticipate that the business will post sales of $430.25 million, with estimates ranging from $418.00 million to $446.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Clarus.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Sunday, August 1st. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. Clarus had a return on equity of 14.37% and a net margin of 5.45%. The firm had revenue of $73.31 million during the quarter, compared to analyst estimates of $62.25 million.

Several equities research analysts have commented on CLAR shares. DA Davidson boosted their target price on Clarus from $31.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, August 3rd. Zacks Investment Research lowered Clarus from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, September 1st. Finally, Lake Street Capital boosted their target price on Clarus from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 3rd.

Shares of NASDAQ:CLAR traded down $0.68 during trading on Monday, hitting $26.68. 153,776 shares of the company’s stock traded hands, compared to its average volume of 176,659. Clarus has a 52 week low of $11.54 and a 52 week high of $32.36. The company has a current ratio of 3.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.10. The company has a market cap of $901.78 million, a price-to-earnings ratio of 54.45 and a beta of 0.86. The company has a 50-day moving average price of $27.81 and a 200-day moving average price of $23.36.

The company also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Monday, August 9th were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, August 6th. This represents a $0.10 annualized dividend and a yield of 0.37%. Clarus’s dividend payout ratio (DPR) is presently 18.87%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLAR. FMR LLC lifted its position in shares of Clarus by 61.4% during the 2nd quarter. FMR LLC now owns 1,813,538 shares of the company’s stock valued at $46,608,000 after acquiring an additional 689,644 shares during the period. Brown Advisory Inc. lifted its position in shares of Clarus by 12.2% during the 1st quarter. Brown Advisory Inc. now owns 3,228,461 shares of the company’s stock valued at $55,045,000 after acquiring an additional 351,366 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Clarus during the 2nd quarter valued at $5,838,000. Vanguard Group Inc. lifted its position in shares of Clarus by 21.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,229,957 shares of the company’s stock valued at $31,610,000 after acquiring an additional 214,357 shares during the period. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Clarus during the 1st quarter valued at $2,235,000. Institutional investors and hedge funds own 57.44% of the company’s stock.

Clarus Company Profile

Clarus Corp. engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the Black Diamond and Sierra segment. The Black Diamond segment designs, manufactures, and markets outdoor engineered equipment and apparel for climbing, mountaineering, backpacking, skiing, and a range of other year-round outdoor recreation activities.

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