Clear Secure (YOU) to Release Earnings on Wednesday

Clear Secure (NYSE:YOU) will be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect Clear Secure to post earnings of $0.17 per share for the quarter. Clear Secure has set its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. Clear Secure’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) earnings per share. On average, analysts expect Clear Secure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clear Secure Price Performance

Shares of NYSE YOU opened at $17.48 on Wednesday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 58.27 and a beta of 1.54. The firm’s 50 day simple moving average is $19.21 and its 200-day simple moving average is $19.72. Clear Secure has a 12 month low of $15.28 and a 12 month high of $27.75.

Clear Secure Increases Dividend

The company also recently declared a None dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 1st were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, March 28th. This is an increase from Clear Secure’s previous None dividend of $0.25. Clear Secure’s dividend payout ratio is 120.00%.

Insider Buying and Selling

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the sale, the insider now directly owns 41,727 shares in the company, valued at approximately $834,540. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 39.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on YOU shares. Wedbush decreased their price objective on shares of Clear Secure from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Tuesday, March 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.40.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.