Clarus (NASDAQ:CLAR) announced its quarterly earnings results on Monday, March 12th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02), Bloomberg Earnings reports. Clarus had a negative net margin of 0.39% and a positive return on equity of 2.22%. The business had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $49.33 million. The firm’s revenue was up 27.3% compared to the same quarter last year.
CLAR stock opened at $6.75 on Wednesday. Clarus has a 12-month low of $5.10 and a 12-month high of $8.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.09 and a current ratio of 5.03. The firm has a market cap of $205.78, a PE ratio of 57.08, a PEG ratio of 1.52 and a beta of 1.48.
Several research firms have recently issued reports on CLAR. Roth Capital set a $7.00 price objective on shares of Clarus and gave the stock a “hold” rating in a research report on Friday, March 16th. Zacks Investment Research downgraded shares of Clarus from a “hold” rating to a “sell” rating in a research note on Friday, March 16th. Finally, Stifel Nicolaus set a $10.00 price objective on shares of Clarus and gave the company a “buy” rating in a research note on Saturday, December 16th.
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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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