Clarus Corp Plans 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 paid a dividend of 0.025 per share on Friday, August 21st. The ex-dividend date of this dividend 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 fall. 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%.

NASDAQ:CLAR opened at $11.98 on Friday. 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 current ratio of 6.38, a quick ratio of 2.91 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $11.08 and its two-hundred day moving average is $11.06. Clarus has a 12-month low of $7.88 and a 12-month high of $14.70.

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

Several brokerages have recently weighed in on CLAR. Zacks Investment Research lowered shares of Clarus from a “buy” rating to a “hold” rating in a report on Friday. Roth Capital upgraded shares of Clarus from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $14.50 in a report on Friday, July 24th. BidaskClub upgraded shares of Clarus from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet raised shares of Clarus from a “c+” rating to a “b-” rating in a research report on Friday, June 12th. Finally, Stifel Nicolaus dropped their target price 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target 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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