Climb Global Solutions (NASDAQ:CLMB - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Climb Global Solutions to post earnings of $0.85 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.35. Climb Global Solutions had a return on equity of 18.92% and a net margin of 3.73%. The business had revenue of $92.08 million for the quarter, compared to analyst estimates of $97.27 million. On average, analysts expect Climb Global Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Climb Global Solutions Stock Performance
Shares of CLMB stock traded down $1.67 during mid-day trading on Thursday, reaching $102.68. The stock had a trading volume of 29,223 shares, compared to its average volume of 18,176. The firm has a market cap of $473.35 million, a PE ratio of 34.00, a P/E/G ratio of 2.94 and a beta of 1.06. The firm's 50 day simple moving average is $95.98 and its 200 day simple moving average is $74.25. Climb Global Solutions has a one year low of $40.63 and a one year high of $110.06. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, August 16th. Climb Global Solutions's dividend payout ratio (DPR) is presently 22.52%.
Wall Street Analysts Forecast Growth
Separately, Barrington Research restated an "outperform" rating and set a $90.00 target price on shares of Climb Global Solutions in a research report on Thursday, October 10th.
Check Out Our Latest Analysis on CLMB
About Climb Global Solutions
(
Get Free Report)
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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