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

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.025 per share on Monday, August 19th. This represents a $0.10 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, August 9th.

Clarus has increased its dividend by an average of 10.1% annually over the last three years. Clarus has a payout ratio of 166.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Clarus to earn $0.40 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 25.0%.

Clarus Price Performance

Shares of NASDAQ CLAR traded down $0.10 during trading hours on Thursday, hitting $5.94. 22,166 shares of the stock were exchanged, compared to its average volume of 243,554. The company’s 50 day moving average is $6.43 and its 200 day moving average is $6.36. The firm has a market capitalization of $227.50 million, a P/E ratio of 23.23 and a beta of 0.89. Clarus has a one year low of $4.77 and a one year high of $9.38.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $69.31 million during the quarter, compared to the consensus estimate of $64.20 million. Clarus had a net margin of 3.08% and a return on equity of 1.01%. Research analysts anticipate that Clarus will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. B. Riley increased their price target on shares of Clarus from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, May 6th. StockNews.com raised shares of Clarus to a “sell” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.