Clarus Co. Announces Quarterly Dividend of $0.03 (NASDAQ:CLAR)

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Friday, May 10th will be given a dividend of 0.025 per share on Monday, May 20th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 9th.

Clarus has increased its dividend by an average of 10.1% per year over the last three years. Clarus has a dividend payout ratio of -1,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Clarus to earn $0.23 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 43.5%.

Clarus Price Performance

Shares of CLAR traded down $0.03 on Wednesday, reaching $6.74. The company’s stock had a trading volume of 39,119 shares, compared to its average volume of 277,014. The stock has a market capitalization of $258.14 million, a P/E ratio of 26.04 and a beta of 0.90. The stock’s 50 day simple moving average is $6.41 and its two-hundred day simple moving average is $6.08. Clarus has a 12-month low of $4.77 and a 12-month high of $9.58.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The business had revenue of $76.50 million during the quarter, compared to analysts’ expectations of $84.45 million. Clarus had a return on equity of 1.01% and a net margin of 3.08%. Analysts expect that Clarus will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CLAR. Roth Mkm lifted their price target on shares of Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com raised shares of Clarus to a “sell” rating in a report on Thursday, April 11th. Finally, B. Riley increased their price objective on shares of Clarus from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Clarus has a consensus rating of “Hold” and an average target price of $9.92.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.