Climb Global Solutions (CLMB) to Release Earnings on Wednesday

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

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Wednesday, February 28th. The company reported $1.15 EPS for the quarter, beating 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 business had revenue of $106.78 million during the quarter, compared to analysts’ expectations 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 Price Performance

Shares of NASDAQ:CLMB opened at $66.76 on Monday. The company has a 50-day simple moving average of $66.77 and a 200-day simple moving average of $56.61. Climb Global Solutions has a one year low of $37.67 and a one year 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. The stock has a market capitalization of $305.09 million, a price-to-earnings ratio of 24.54, a PEG ratio of 2.29 and a beta of 0.95.

Climb Global Solutions Dividend Announcement

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

Insider Activity

In other news, CEO Dale Richard Foster sold 3,500 shares of the business’s stock in a transaction dated 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 directly owns 102,092 shares in the company, valued at $6,686,005.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Dale Richard Foster sold 3,500 shares of the business’s stock in a transaction dated 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 directly owns 102,092 shares in the company, valued at $6,686,005.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Charles Edward Bass sold 500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research upped their target price 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.

About Climb Global Solutions

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.