Clarus (CLAR) Set to Announce Earnings on Thursday

Clarus (NASDAQ:CLAR - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Clarus (NASDAQ:CLAR - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter. The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $59.28 million. Clarus had a net margin of 2.23% and a negative return on equity of 0.75%. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts expect Clarus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clarus Trading Up 0.2 %

CLAR traded up $0.01 during midday trading on Thursday, hitting $4.21. The company's stock had a trading volume of 152,118 shares, compared to its average volume of 279,334. The firm has a market cap of $161.23 million, a P/E ratio of 16.15 and a beta of 0.83. Clarus has a 52-week low of $3.89 and a 52-week high of $7.55. The firm has a 50-day moving average price of $4.37 and a two-hundred day moving average price of $5.54.

Analyst Ratings Changes

A number of analysts have recently weighed in on CLAR shares. Roth Mkm downgraded shares of Clarus from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $7.50 to $6.00 in a research report on Friday, August 2nd. Roth Capital cut shares of Clarus from a "strong-buy" rating to a "hold" rating in a report on Friday, August 2nd. StockNews.com downgraded shares of Clarus from a "hold" rating to a "sell" rating in a research report on Saturday, August 10th. Finally, B. Riley reduced their price target on Clarus from $9.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $6.67.

Insiders Place Their Bets

In other news, Chairman Warren B. Kanders purchased 30,000 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the transaction, the chairman now owns 4,075,527 shares in the company, valued at $16,505,884.35. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Clarus news, Chairman Warren B. Kanders bought 30,000 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $4.05 per share, with a total value of $121,500.00. Following the completion of the purchase, the chairman now directly owns 4,075,527 shares in the company, valued at approximately $16,505,884.35. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Warren B. Kanders bought 200,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the acquisition, the chairman now directly owns 4,045,527 shares in the company, valued at approximately $16,950,758.13. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is currently owned by insiders.

Clarus Company Profile

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.