Clarus Corp (NASDAQ:CLAR) declared a dividend on Friday, July 31st, Fidelity reports. Stockholders of record on Monday, August 10th will be paid a dividend of 0.025 per share on Friday, August 21st. The ex-dividend date is Friday, August 7th.
Clarus has a dividend 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. Research 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%.
Shares of CLAR opened at $11.98 on Friday. The company has a quick ratio of 2.91, a current ratio of 6.38 and a debt-to-equity ratio of 0.18. Clarus has a 12-month low of $7.88 and a 12-month high of $14.70. The firm has a market capitalization of $357.34 million, a PE ratio of 24.51 and a beta of 1.18. The stock’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $11.06.
Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Clarus had a net margin of 6.86% and a return on equity of 8.41%. The firm had revenue of $53.56 million for the quarter, compared to analyst estimates of $53.40 million. Analysts anticipate that Clarus will post 0.31 EPS for the current year.
Several equities analysts have recently issued reports on CLAR shares. Stifel Nicolaus cut their price target on Clarus from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. TheStreet upgraded Clarus from a “c+” rating to a “b-” rating in a report on Friday, June 12th. BidaskClub upgraded Clarus from a “hold” rating to a “buy” rating in a report on Wednesday. Roth Capital upgraded Clarus from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $14.50 in a report on Friday, July 24th. Finally, Zacks Investment Research downgraded Clarus from a “buy” rating to a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Clarus presently has an average rating of “Buy” and a consensus price target 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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