Clarus (CLAR) Posts Earnings Results, Misses Expectations By $0.02 EPS
Clarus (NASDAQ:CLAR) issued its quarterly earnings data on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02), Bloomberg Earnings reports. Clarus had a positive return on equity of 2.24% and a negative net margin of 0.39%. The company had revenue of $52.70 million for the quarter, compared to the consensus estimate of $49.33 million. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year.
Clarus (NASDAQ:CLAR) opened at $7.05 on Wednesday. Clarus has a 1 year low of $5.10 and a 1 year high of $8.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.68 and a current ratio of 4.53. The stock has a market capitalization of $207.29, a PE ratio of 57.50, a PEG ratio of 0.87 and a beta of 1.48.
A number of equities analysts have recently issued reports on CLAR shares. Stifel Nicolaus set a $10.00 price objective on Clarus and gave the stock a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research downgraded Clarus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th.
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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