Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Monday, November 11th will be paid a dividend of 0.17 per share on Friday, November 15th. This represents a $0.68 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, November 8th.
Climb Global Solutions has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Climb Global Solutions to earn $3.59 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 18.9%.
Climb Global Solutions Stock Down 2.2 %
Climb Global Solutions stock traded down $2.21 during trading hours on Friday, hitting $100.18. The stock had a trading volume of 75,816 shares, compared to its average volume of 18,792. The stock's 50-day moving average price is $98.20 and its 200-day moving average price is $75.90. The stock has a market capitalization of $461.83 million, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06. Climb Global Solutions has a 12-month low of $40.63 and a 12-month high of $118.59. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.35. Climb Global Solutions had a net margin of 4.11% and a return on equity of 24.44%. The company had revenue of $92.08 million during the quarter, compared to analyst estimates of $97.27 million. Equities research analysts anticipate that Climb Global Solutions will post 3.28 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Barrington Research reaffirmed an "outperform" rating and set a $90.00 price target on shares of Climb Global Solutions in a report on Thursday, October 10th.
Read Our Latest Stock Report on CLMB
Climb Global Solutions Company Profile
(
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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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