Clear Secure (NYSE:YOU) Releases Earnings Results

Clear Secure (NYSE:YOU) posted its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08, Briefing.com reports. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Clear Secure updated its Q3 2024 guidance to EPS.

Clear Secure Price Performance

YOU stock traded up $0.24 on Wednesday, reaching $24.42. The company’s stock had a trading volume of 3,845,176 shares, compared to its average volume of 1,513,736. The firm has a fifty day moving average of $19.33 and a two-hundred day moving average of $19.03. The company has a market capitalization of $3.54 billion, a P/E ratio of 43.61 and a beta of 1.58. Clear Secure has a 52 week low of $15.28 and a 52 week high of $25.72.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. Clear Secure’s dividend payout ratio is presently 71.43%.

Analyst Ratings Changes

A number of equities analysts have commented on YOU shares. Wedbush restated a “neutral” rating and issued a $21.00 target price on shares of Clear Secure in a research note on Wednesday, May 8th. Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Clear Secure in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Clear Secure currently has an average rating of “Hold” and an average price target of $28.40.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the transaction, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure 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 owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at $755,732.16. The disclosure for this sale can be found here. 37.85% of the stock is 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.