Zacks: Analysts Anticipate Clarus Corp (CLAR) Will Post Quarterly Sales of $55.37 Million

Equities analysts expect that Clarus Corp (NASDAQ:CLAR) will report $55.37 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Clarus’ earnings, with estimates ranging from $55.00 million to $55.60 million. Clarus reported sales of $52.68 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The business is scheduled to announce its next quarterly earnings results on Monday, March 11th.

According to Zacks, analysts expect that Clarus will report full-year sales of $210.18 million for the current fiscal year, with estimates ranging from $209.80 million to $210.43 million. For the next financial year, analysts anticipate that the firm will report sales of $228.24 million, with estimates ranging from $227.30 million to $229.30 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Clarus.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.07. Clarus had a return on equity of 9.59% and a net margin of 4.71%. The company had revenue of $55.69 million during the quarter, compared to analysts’ expectations of $53.27 million.

CLAR has been the subject of a number of analyst reports. Roth Capital raised Clarus from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.50 to $13.00 in a report on Monday, October 1st. Zacks Investment Research raised Clarus from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Monday, October 8th. BidaskClub lowered Clarus from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 21st. Finally, TheStreet upgraded Clarus from a “c+” rating to a “b” rating in a research note on Friday, November 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Clarus currently has an average rating of “Buy” and a consensus price target of $12.50.

A number of institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its stake in Clarus by 3.6% in the third quarter. Brown Advisory Inc. now owns 1,617,570 shares of the company’s stock valued at $17,873,000 after purchasing an additional 56,745 shares during the last quarter. BlackRock Inc. grew its position in Clarus by 1.7% during the third quarter. BlackRock Inc. now owns 1,121,940 shares of the company’s stock valued at $12,397,000 after acquiring an additional 18,910 shares during the period. Vanguard Group Inc. grew its position in Clarus by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,031,682 shares of the company’s stock valued at $11,400,000 after acquiring an additional 5,200 shares during the period. Vanguard Group Inc grew its position in Clarus by 0.5% during the third quarter. Vanguard Group Inc now owns 1,031,682 shares of the company’s stock valued at $11,400,000 after acquiring an additional 5,200 shares during the period. Finally, Renaissance Technologies LLC grew its position in Clarus by 9.1% during the second quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock valued at $7,891,000 after acquiring an additional 79,742 shares during the period. Hedge funds and other institutional investors own 51.80% of the company’s stock.

Shares of NASDAQ CLAR traded down $0.22 during trading on Friday, reaching $10.07. The company had a trading volume of 77,000 shares, compared to its average volume of 85,525. Clarus has a twelve month low of $6.35 and a twelve month high of $12.00. The stock has a market cap of $309.85 million, a price-to-earnings ratio of 83.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 2.14, a current ratio of 4.94 and a debt-to-equity ratio of 0.14.

Clarus Company Profile

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

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