Clarus Reports Quarterly Earnings, Falls Short of Estimates

Clarus (NASDAQ:CLAR) shared its quarterly earnings results on Thursday, revealing a loss of ($0.14) earnings per share (EPS) for the quarter. This was notably below analysts' expectations, which had set the consensus estimate at $0.10, resulting in an earnings miss of $0.24 per share, according to Zacks.

The company reported a net margin of 1.80% and a negative return on equity of 2.17%. Following this disappointing financial news, Clarus also updated its earnings guidance for the fiscal year 2025.

Clarus Stock Performance

After the earnings announcement, Clarus's stock experienced a slight decline, trading down by 0.9% and hitting a price of $4.26. During Thursday's trading session, 221,634 shares of the company were exchanged, which is higher than its average volume of 129,154 shares. Clarus has established a fifty-two week trading range with a low of $3.89 and a high of $7.55. The company's market capitalization stands at $163.42 million, with a price-to-earnings ratio of 32.77 and a beta of 0.82. The company's 50-day moving average is $4.67, while its 200-day moving average sits at $4.53.

Clarus Declares Dividend

In addition to the earnings announcement, Clarus also declared a quarterly dividend. The dividend will be paid out on Wednesday, March 26th, and investors who are on record by Monday, March 17th, will receive a dividend of $0.025 per share. This amount translates to an annualized dividend of $0.10 and brings the dividend yield to 2.35%. The ex-dividend date for this payment is also set for Monday, March 17th, and Clarus's current payout ratio is reported to be 76.92%.

About Clarus Corporation

Clarus Corporation specializes in designing, developing, manufacturing, and distributing outdoor equipment and lifestyle products both in the United States and internationally. The company operates in two segments: Outdoor and Adventure. Within the Outdoor segment, Clarus offers a variety of products including apparel such as shells and insulation, footwear and equipment for rock climbing, technical backpacks, trekking poles, headlamps, gloves, and various skiing accessories, among others.

Earnings, Stocks, Clarus