Clear Secure (YOU) Set to Announce Quarterly Earnings on Thursday

Clear Secure (NYSE:YOU) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Clear Secure to post earnings of $0.33 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Clear Secure (NYSE:YOU) last released its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’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 0.8 %

Clear Secure stock opened at $35.04 on Tuesday. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.04. The company’s fifty day simple moving average is $32.82 and its 200-day simple moving average is $24.44. The stock has a market cap of $4.88 billion, a P/E ratio of 44.58 and a beta of 1.63.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is 51.28%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on YOU shares. Telsey Advisory Group lifted their price target on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Friday. The Goldman Sachs Group increased their price target on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.83.

Insider Activity

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,164,935 shares of company stock valued at $36,623,387 over the last 90 days. 37.85% of the stock is currently owned by company 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.