Clarus (NASDAQ:CLAR) Announces Earnings Results

Clarus (NASDAQ:CLAR - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.24), Zacks reports. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The business had revenue of $71.41 million during the quarter, compared to analyst estimates of $68.74 million. Clarus updated its FY 2025 guidance to EPS.

Clarus Stock Performance

Shares of CLAR traded down $0.39 during trading hours on Monday, hitting $4.04. 55,778 shares of the stock were exchanged, compared to its average volume of 131,390. The stock's 50-day moving average price is $4.66 and its two-hundred day moving average price is $4.53. Clarus has a 12-month low of $3.89 and a 12-month high of $7.55. The company has a market cap of $154.98 million, a price-to-earnings ratio of 31.29 and a beta of 0.82.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, March 17th. Clarus's dividend payout ratio is presently -7.35%.

Wall Street Analysts Forecast Growth

CLAR has been the subject of several research analyst reports. B. Riley reduced their target price on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Monday. Lake Street Capital reduced their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Clarus currently has a consensus rating of "Hold" and a consensus target price of $5.33.

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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.