Clear Secure (YOU) Scheduled to Post Quarterly Earnings on Wednesday

Clear Secure (NYSE:YOU) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Clear Secure to post earnings of $0.17 per share for the quarter. Clear Secure has set its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Clear Secure (NYSE:YOU) last announced its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $170.97 million during the quarter, compared to analysts’ expectations of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the company posted ($0.12) earnings per share. On average, analysts expect Clear Secure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clear Secure Stock Performance

Shares of NYSE:YOU opened at $17.88 on Tuesday. Clear Secure has a 52 week low of $15.28 and a 52 week high of $27.75. The company has a market cap of $2.84 billion, a PE ratio of 59.60 and a beta of 1.59. The firm has a 50 day simple moving average of $19.18 and a 200 day simple moving average of $19.72.

Clear Secure Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is a boost from Clear Secure’s previous None dividend of $0.25. Clear Secure’s dividend payout ratio (DPR) is 120.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wedbush decreased their price objective on Clear Secure from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Clear Secure in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.40.

Insider Transactions at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the transaction, the insider now directly owns 41,727 shares of the company’s stock, valued at approximately $834,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.94% of the stock is currently owned by corporate insiders.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.