Climb Global Solutions (CLMB) Set to Announce Quarterly Earnings on Thursday

Climb Global Solutions (NASDAQ:CLMB) is scheduled to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Climb Global Solutions (NASDAQ:CLMB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.48 by $0.35. The business had revenue of $92.08 million during the quarter, compared to the consensus estimate of $97.27 million. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. 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 Down 1.5 %

Shares of NASDAQ:CLMB opened at $104.35 on Thursday. Climb Global Solutions has a 52-week low of $40.63 and a 52-week high of $110.06. The company has a market capitalization of $478.44 million, a PE ratio of 40.45, a price-to-earnings-growth ratio of 2.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.09 and a current ratio of 1.10. The company has a fifty day moving average of $95.59 and a 200-day moving average of $74.04.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 16th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, August 16th. Climb Global Solutions’s payout ratio is 26.36%.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Climb Global Solutions in a research report on Thursday, October 10th.

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.