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

Clear Secure (NYSE:YOU - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Clear Secure has set its Q1 2024 guidance at EPS.Investors interested in registering for the company's conference call can do so using this link.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. Clear Secure's revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. 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 YOU traded up $0.07 during midday trading on Wednesday, hitting $17.54. The company had a trading volume of 970,188 shares, compared to its average volume of 1,508,371. The company's 50-day simple moving average is $19.21 and its 200-day simple moving average is $19.72. The firm has a market capitalization of $2.79 billion, a P/E ratio of 58.47 and a beta of 1.54. Clear Secure has a 1 year low of $15.28 and a 1 year high of $27.75.

Clear Secure Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 1st were paid a dividend of $0.32 per share. This is a boost from Clear Secure's previous None dividend of $0.25. The ex-dividend date was Thursday, March 28th. Clear Secure's payout ratio is presently 120.00%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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. Wedbush reduced their price objective on Clear Secure from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $28.40.

About Clear Secure

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.