Equities research analysts predict that Clarus (NASDAQ:CLAR) will post $52.60 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Clarus’ earnings, with the lowest sales estimate coming in at $51.90 million and the highest estimate coming in at $53.30 million. Clarus reported sales of $41.56 million in the same quarter last year, which indicates a positive year over year growth rate of 26.6%. The company is scheduled to issue its next quarterly earnings results on Monday, May 14th.
On average, analysts expect that Clarus will report full-year sales of $202.87 million for the current year, with estimates ranging from $202.10 million to $204.00 million. For the next financial year, analysts forecast that the business will report sales of $220.45 million per share, with estimates ranging from $218.70 million to $222.20 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Clarus.
Clarus (NASDAQ:CLAR) last released its earnings results on Monday, March 12th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $52.70 million during the quarter, compared to the consensus estimate of $49.33 million. Clarus had a negative net margin of 0.39% and a positive return on equity of 2.22%. The firm’s revenue was up 27.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fairpointe Capital LLC purchased a new stake in shares of Clarus in the fourth quarter worth $438,000. Greenhouse Funds LLLP raised its position in shares of Clarus by 12.3% in the fourth quarter. Greenhouse Funds LLLP now owns 1,626,720 shares of the company’s stock worth $12,770,000 after buying an additional 177,675 shares in the last quarter. Millennium Management LLC raised its position in shares of Clarus by 51.9% in the fourth quarter. Millennium Management LLC now owns 63,608 shares of the company’s stock worth $499,000 after buying an additional 21,731 shares in the last quarter. Deutsche Bank AG raised its position in shares of Clarus by 7.4% in the fourth quarter. Deutsche Bank AG now owns 189,557 shares of the company’s stock worth $1,487,000 after buying an additional 13,050 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Clarus by 1.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 1,876,610 shares of the company’s stock worth $14,731,000 after buying an additional 32,300 shares in the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.
Shares of CLAR stock remained flat at $$6.75 during trading on Wednesday. The stock had a trading volume of 42,116 shares, compared to its average volume of 60,802. The company has a market capitalization of $202.78, a price-to-earnings ratio of 56.25, a PEG ratio of 1.50 and a beta of 1.38. The company has a current ratio of 5.03, a quick ratio of 2.09 and a debt-to-equity ratio of 0.13. Clarus has a 52 week low of $5.10 and a 52 week high of $8.00.
Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, South America, and internationally. It operates in two segments, Black Diamond and Sierra.
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