Clarus Co. (NASDAQ:CLAR) Declares Quarterly Dividend of $0.03

Clarus Co. (NASDAQ:CLAR) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.025 per share on Monday, August 19th. This represents a $0.10 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, August 9th.

Clarus has increased its dividend payment by an average of 10.1% per year over the last three years. Clarus has a payout ratio of 166.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Clarus to earn $0.40 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 25.0%.

Clarus Stock Down 12.3 %

NASDAQ:CLAR opened at $5.30 on Thursday. The company has a market capitalization of $202.99 million, a PE ratio of 23.23 and a beta of 0.89. Clarus has a 52-week low of $4.77 and a 52-week high of $9.38. The stock has a fifty day simple moving average of $6.43 and a 200-day simple moving average of $6.36.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Clarus had a net margin of 3.08% and a return on equity of 1.01%. The firm had revenue of $69.31 million during the quarter, compared to the consensus estimate of $64.20 million. As a group, equities analysts anticipate that Clarus will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLAR has been the subject of several analyst reports. StockNews.com raised shares of Clarus to a “sell” rating in a research note on Thursday, April 11th. B. Riley upped their price objective on shares of Clarus from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clarus currently has an average rating of “Hold” and a consensus target price of $9.92.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.