Clarus (NASDAQ:CLAR) Reports Quarterly Earnings, Misses Analyst Estimates
Clarus (NASDAQ:CLAR) released its quarterly earnings report on Thursday, revealing that the company recorded an earnings per share (EPS) of ($0.14) for the quarter. This result fell short of analysts' consensus expectations of $0.10, representing a miss of $0.24 per share, as reported by Zacks. In addition to this disappointing earnings report, Clarus noted a negative return on equity of 2.17% alongside a net margin of 1.80%. The company also revised its fiscal year 2025 guidance regarding EPS.
Clarus Stock Performance
On Thursday, Clarus's stock price dropped by 0.9%, falling to $4.26. During the trading session, a total of 221,634 shares changed hands, significantly higher than the average trading volume of 129,154 shares. Over the past year, the stock has seen a low of $3.89 and a high of $7.55. As it stands, Clarus has a market capitalization of $163.42 million, a price-to-earnings ratio (P/E) of 32.77, and a beta of 0.82. The company's 50-day moving average is $4.67, while its 200-day moving average sits at $4.53.
Dividend Announcement
Additionally, Clarus recently announced a quarterly dividend, which is scheduled to be paid on Wednesday, March 26th. Shareholders who are on record as of Monday, March 17th, will receive a dividend of $0.025 per share. This equates to an annualized dividend of $0.10 and a yield of 2.35%. The ex-dividend date is also set for Monday, March 17th, and Clarus currently maintains a payout ratio of 76.92%.
About Clarus Corporation
Clarus Corporation is engaged in the design, development, manufacturing, and distribution of outdoor equipment and lifestyle products, operating both in the United States and internationally. The company is structured into two segments: Outdoor and Adventure. The Outdoor segment offers a range of products, including apparel such as shells and insulation, rock climbing footwear and gear, technical backpacks, trekking poles, headlamps, gloves, skis, and more.
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