Clarus Corp Declares Dividend of $0.03 (NASDAQ:CLAR)

Clarus Corp (NASDAQ:CLAR) declared a dividend on Friday, July 31st, Fidelity reports. Shareholders of record on Monday, August 10th will be given a dividend of 0.025 per share on Friday, August 21st. The ex-dividend date is Friday, August 7th.

Clarus has a payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Clarus to earn $0.59 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 16.9%.

CLAR stock opened at $11.98 on Friday. Clarus has a one year low of $7.88 and a one year high of $14.70. The firm has a market cap of $357.34 million, a price-to-earnings ratio of 24.51 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.91 and a current ratio of 6.38. The firm has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $11.06.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Monday, May 11th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Clarus had a return on equity of 8.41% and a net margin of 6.86%. The firm had revenue of $53.56 million during the quarter, compared to analysts’ expectations of $53.40 million. As a group, equities analysts predict that Clarus will post 0.31 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Clarus from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Roth Capital raised shares of Clarus from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $14.50 in a report on Friday, July 24th. BidaskClub raised Clarus from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet upgraded Clarus from a “c+” rating to a “b-” rating in a research note on Friday, June 12th. Finally, Zacks Investment Research cut Clarus from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Clarus has a consensus rating of “Buy” and an average target price of $14.40.

Clarus Company Profile

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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Dividend History for Clarus (NASDAQ:CLAR)

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