Clarus Corp (NASDAQ:CLAR) announced a dividend on Friday, July 31st, Fidelity reports. Shareholders of record on Monday, August 10th will be given a dividend of 0.025 per share on Friday, August 21st. The ex-dividend date is Friday, August 7th.
Clarus has a payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Clarus to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 16.9%.
CLAR opened at $11.98 on Friday. The stock has a market cap of $357.34 million, a P/E ratio of 24.51 and a beta of 1.18. Clarus has a 12 month low of $7.88 and a 12 month high of $14.70. The company has a quick ratio of 2.91, a current ratio of 6.38 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $11.06.
Clarus (NASDAQ:CLAR) last posted its earnings results on Monday, May 11th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Clarus had a net margin of 6.86% and a return on equity of 8.41%. The business had revenue of $53.56 million during the quarter, compared to analyst estimates of $53.40 million. On average, equities research analysts expect that Clarus will post 0.31 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Clarus from a “buy” rating to a “hold” rating in a research note on Friday. Roth Capital raised shares of Clarus from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $14.50 in a research report on Friday, July 24th. TheStreet upgraded shares of Clarus from a “c+” rating to a “b-” rating in a report on Friday, June 12th. Stifel Nicolaus reduced their target price on shares of Clarus from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Finally, BidaskClub raised Clarus from a “hold” rating to a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Clarus has a consensus rating of “Buy” and an average target price of $14.40.
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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