Clarus (CLAR) to Release Quarterly Earnings on Thursday

Clarus (NASDAQ:CLAR) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter. The company had revenue of $56.48 million for the quarter, compared to the consensus estimate of $59.28 million. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. During the same period in the previous year, the firm posted $0.07 EPS. On average, analysts expect Clarus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clarus Stock Up 0.7 %

Clarus stock opened at $4.20 on Thursday. The company’s 50-day moving average price is $4.37 and its two-hundred day moving average price is $5.54. The stock has a market cap of $160.85 million, a P/E ratio of 16.15 and a beta of 0.83. Clarus has a twelve month low of $3.89 and a twelve month high of $7.55.

Insider Activity

In related news, Chairman Warren B. Kanders purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the transaction, the chairman now owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Warren B. Kanders purchased 30,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $4.05 per share, with a total value of $121,500.00. Following the acquisition, the chairman now owns 4,075,527 shares in the company, valued at approximately $16,505,884.35. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Warren B. Kanders purchased 200,000 shares of Clarus stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the transaction, the chairman now directly owns 4,045,527 shares in the company, valued at $16,950,758.13. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLAR shares. Roth Mkm cut Clarus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $7.50 to $6.00 in a report on Friday, August 2nd. B. Riley dropped their target price on Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, August 5th. Roth Capital downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, StockNews.com cut shares of Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.67.

Clarus Company Profile

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.