CLEAR Secure, Inc. Announces Quarterly Dividend of $0.15 (NYSE:YOU)

CLEAR Secure, Inc. (NYSE:YOU) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.15 per share on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, June 10th.

CLEAR Secure has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect CLEAR Secure to earn $1.98 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 30.3%.

CLEAR Secure Trading Up 3.0%

Shares of YOU traded up $1.77 during mid-day trading on Wednesday, hitting $60.54. 2,987,873 shares of the company traded hands, compared to its average volume of 1,704,527. CLEAR Secure has a one year low of $23.88 and a one year high of $61.28. The business has a 50-day moving average of $49.66 and a 200 day moving average of $39.79. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 54.05 and a beta of 1.09.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same period in the prior year, the firm earned $0.26 earnings per share. CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. As a group, analysts anticipate that CLEAR Secure will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YOU shares. Needham & Company LLC raised their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson raised their price objective on shares of CLEAR Secure from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Stifel Nicolaus raised their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CLEAR Secure in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.57.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.