Analysts predict that Clarus Corp (NASDAQ:CLAR) will post $0.16 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Clarus’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. Clarus posted earnings per share of $0.10 in the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is scheduled to issue its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that Clarus will report full-year earnings of $0.55 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.72 to $0.73. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Clarus.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.13. The company had revenue of $45.88 million for the quarter, compared to analysts’ expectations of $40.80 million. Clarus had a return on equity of 7.41% and a net margin of 2.06%.

Several equities research analysts recently weighed in on the company. BidaskClub raised Clarus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. ValuEngine raised Clarus from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Lake Street Capital upped their price target on Clarus to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Roth Capital set a $10.00 price target on Clarus and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut Clarus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $12.25.

A number of hedge funds have recently modified their holdings of CLAR. Brown Advisory Inc. grew its stake in shares of Clarus by 25.2% in the first quarter. Brown Advisory Inc. now owns 1,561,214 shares of the company’s stock worth $10,537,000 after acquiring an additional 313,968 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of Clarus in the second quarter worth $990,000. Millennium Management LLC grew its stake in shares of Clarus by 91.2% in the second quarter. Millennium Management LLC now owns 191,408 shares of the company’s stock worth $1,579,000 after acquiring an additional 91,295 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Clarus by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 503,802 shares of the company’s stock worth $3,401,000 after acquiring an additional 87,133 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Clarus by 9.1% in the second quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock worth $7,891,000 after acquiring an additional 79,742 shares during the last quarter. 52.13% of the stock is currently owned by institutional investors.

CLAR stock traded up $0.17 during midday trading on Friday, hitting $10.37. The stock had a trading volume of 94,652 shares, compared to its average volume of 85,614. The stock has a market cap of $331.96 million, a price-to-earnings ratio of 86.42, a PEG ratio of 2.40 and a beta of 1.44. Clarus has a 52-week low of $6.35 and a 52-week high of $12.00. The company has a quick ratio of 1.72, a current ratio of 4.37 and a debt-to-equity ratio of 0.10.

Clarus Company Profile

Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.

Featured Article: How Buying a Call Option Works

Get a free copy of the Zacks research report on Clarus (CLAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.