Climb Global Solutions (CLMB) Set to Announce Earnings on Wednesday

Climb Global Solutions (NASDAQ:CLMB) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Climb Global Solutions to post earnings of $0.75 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Climb Global Solutions (NASDAQ:CLMB) last issued its earnings results on Wednesday, February 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.47. The firm had revenue of $106.78 million for the quarter, compared to the consensus estimate of $88.99 million. Climb Global Solutions had a net margin of 3.50% and a return on equity of 20.65%. On average, analysts expect Climb Global Solutions to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Climb Global Solutions Trading Up 1.9 %

Shares of NASDAQ CLMB opened at $66.98 on Wednesday. The firm’s 50 day moving average price is $66.35 and its 200-day moving average price is $56.14. The company has a market cap of $306.10 million, a PE ratio of 24.63, a P/E/G ratio of 2.25 and a beta of 0.95. Climb Global Solutions has a 52-week low of $37.67 and a 52-week high of $73.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 1.07.

Climb Global Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 11th were paid a $0.17 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.02%. Climb Global Solutions’s dividend payout ratio is presently 25.00%.

Insider Activity at Climb Global Solutions

In related news, CEO Dale Richard Foster sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $65.49, for a total transaction of $229,215.00. Following the transaction, the chief executive officer now owns 102,092 shares in the company, valued at $6,686,005.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CMO Charles Edward Bass sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $65.05, for a total transaction of $32,525.00. Following the transaction, the chief marketing officer now owns 37,097 shares in the company, valued at $2,413,159.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dale Richard Foster sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $65.49, for a total transaction of $229,215.00. Following the transaction, the chief executive officer now owns 102,092 shares in the company, valued at approximately $6,686,005.08. The disclosure for this sale can be found here. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research upped their target price on shares of Climb Global Solutions from $48.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th.

Climb Global Solutions Company Profile

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.