Clarus Co. (NASDAQ:CLAR) to Issue $0.03 Quarterly Dividend

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders 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 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 NASDAQ:CLAR traded down $0.03 during trading on Wednesday, reaching $6.74. The company had a trading volume of 39,119 shares, compared to its average volume of 277,014. The firm has a market capitalization of $258.14 million, a price-to-earnings ratio of 26.04 and a beta of 0.90. The stock’s fifty day moving average price is $6.41 and its 200 day moving average price is $6.08. Clarus has a fifty-two week low of $4.77 and a fifty-two week high of $9.58.

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

Analyst Ratings Changes

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

About Clarus

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.