Clear Secure (YOU) to Release Quarterly Earnings on Thursday

Clear Secure (NYSE:YOU) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Clear Secure has set its Q3 2024 guidance at EPS.Parties interested in registering for the company’s earnings conference call can do so using this link.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same period last year, the business posted $0.05 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. 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 Up 1.2 %

Clear Secure stock opened at $37.46 on Thursday. The firm’s fifty day moving average is $32.37 and its 200 day moving average is $24.04. The company has a market capitalization of $5.22 billion, a PE ratio of 48.03 and a beta of 1.65. Clear Secure has a 12-month low of $16.05 and a 12-month high of $37.90.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. Clear Secure’s dividend payout ratio (DPR) is currently 51.28%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on YOU shares. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Needham & Company LLC boosted their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised their price target on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Insider Activity

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the transaction, the insider now owns 26,727 shares in the company, valued at $722,698.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,173,935 shares of company stock valued at $36,826,532 over the last ninety days. 37.85% 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.