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

Climb Global Solutions (NASDAQ:CLMB) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

Shares of NASDAQ CLMB opened at $66.98 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 1.07. The company has a market capitalization of $306.10 million, a PE ratio of 24.63, a price-to-earnings-growth ratio of 2.25 and a beta of 0.95. Climb Global Solutions has a 1 year low of $37.67 and a 1 year high of $73.25. The company’s fifty day moving average price is $66.35 and its 200 day moving average price is $56.14.

Climb Global Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Barrington Research increased their price objective on shares of Climb Global Solutions from $48.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, March 7th.

Insider Buying and Selling at Climb Global Solutions

In other Climb Global Solutions news, CMO Charles Edward Bass sold 500 shares of the stock in a transaction 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 directly owns 37,097 shares of the company’s stock, valued at $2,413,159.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other 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 sale, the chief executive officer now directly owns 102,092 shares in the company, valued at $6,686,005.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Charles Edward Bass sold 500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $65.05, for a total transaction of $32,525.00. Following the completion of the sale, the chief marketing officer now 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.