Clarus Corporation (CLAR) To Go Ex-Dividend on May 18th

Clarus Corporation (NASDAQ:CLAR) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, May 18th will be paid a dividend of 0.025 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, May 18th.

Clarus has a payout ratio of -66.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Clarus to earn $0.12 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 83.3%.

Clarus Trading Up 1.1%

NASDAQ:CLAR opened at $2.73 on Friday. The firm has a market capitalization of $104.94 million, a price-to-earnings ratio of -2.35 and a beta of 1.02. The business’s 50-day moving average price is $2.77 and its two-hundred day moving average price is $3.22. Clarus has a 1-year low of $2.53 and a 1-year high of $4.03.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $65.41 million for the quarter, compared to the consensus estimate of $68.67 million. Clarus had a negative net margin of 17.70% and a negative return on equity of 0.11%. Sell-side analysts predict that Clarus will post 0.08 earnings per share for the current year.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.