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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Black Diamond Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Diamond Inc. and related companies with MarketBeat.com's FREE daily email newsletter.