Climb Global Solutions (NASDAQ:CLMB - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $1.14, Zacks reports. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. The firm had revenue of $161.76 million during the quarter, compared to the consensus estimate of $114.37 million.
Climb Global Solutions Stock Performance
NASDAQ:CLMB traded down $2.13 during mid-day trading on Friday, hitting $131.86. The stock had a trading volume of 53,783 shares, compared to its average volume of 30,075. Climb Global Solutions has a twelve month low of $49.69 and a twelve month high of $144.99. The stock has a market cap of $607.48 million, a price-to-earnings ratio of 35.73, a PEG ratio of 1.74 and a beta of 1.18. The company's 50 day simple moving average is $126.73 and its 200 day simple moving average is $116.63.
Climb Global Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. Climb Global Solutions's dividend payout ratio is presently 16.75%.
Wall Street Analysts Forecast Growth
Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday.
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About Climb Global Solutions
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Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.
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