Climb Global Solutions (CLMB) Scheduled to Post Quarterly Earnings on Wednesday

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

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Wednesday, February 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.47. The business had revenue of $106.78 million during the quarter, compared to analyst estimates of $88.99 million. Climb Global Solutions had a return on equity of 20.65% and a net margin of 3.50%. 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 1.6 %

Climb Global Solutions stock opened at $67.81 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. Climb Global Solutions has a 12-month low of $37.67 and a 12-month high of $73.25. The firm has a market capitalization of $309.89 million, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.29 and a beta of 0.95. The firm has a 50 day moving average of $66.93 and a 200 day moving average of $56.77.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 11th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, March 8th. Climb Global Solutions’s dividend payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

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

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

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.