$0.18 EPS Expected for Black Diamond, Inc. (CLAR) This Quarter

Equities analysts forecast that Black Diamond, Inc. (NASDAQ:CLAR) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Black Diamond’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. Black Diamond reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1,700%. The company is expected to report its next quarterly earnings report on Monday, March 5th.

On average, analysts expect that Black Diamond will report full-year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.17 to $0.18. For the next year, analysts anticipate that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.58 to $0.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Black Diamond.

A number of equities analysts have weighed in on CLAR shares. Roth Capital set a $7.00 target price on shares of Black Diamond and gave the company a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus raised their target price on shares of Black Diamond from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Black Diamond from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

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In other news, insider Aaron Kuehne purchased 5,923 shares of Black Diamond stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $7.21 per share, with a total value of $42,704.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicolas Sokolow purchased 19,625 shares of Black Diamond stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average cost of $6.39 per share, with a total value of $125,403.75. Following the transaction, the director now directly owns 65,000 shares of the company’s stock, valued at $415,350. The disclosure for this purchase can be found here. Insiders have acquired 71,424 shares of company stock valued at $484,212 in the last ninety days. Insiders own 46.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new stake in shares of Black Diamond during the third quarter valued at approximately $423,000. Wasatch Advisors Inc. increased its position in shares of Black Diamond by 6.2% during the second quarter. Wasatch Advisors Inc. now owns 127,400 shares of the company’s stock valued at $847,000 after acquiring an additional 7,400 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of Black Diamond during the second quarter valued at approximately $242,000. State Street Corp increased its position in shares of Black Diamond by 1,618.8% during the second quarter. State Street Corp now owns 197,712 shares of the company’s stock valued at $1,316,000 after acquiring an additional 186,209 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Black Diamond by 2.0% during the second quarter. Stifel Financial Corp now owns 20,898 shares of the company’s stock valued at $139,000 after acquiring an additional 400 shares in the last quarter. 47.96% of the stock is owned by institutional investors.

Shares of Black Diamond (NASDAQ CLAR) traded up $0.17 during midday trading on Monday, hitting $7.57. 166,090 shares of the company’s stock were exchanged, compared to its average volume of 51,180. Black Diamond has a fifty-two week low of $5.00 and a fifty-two week high of $7.95. The company has a quick ratio of 1.68, a current ratio of 4.53 and a debt-to-equity ratio of 0.18.

Black Diamond Company Profile

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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Earnings History and Estimates for Black Diamond (NASDAQ:CLAR)

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