Research Analysts Offer Predictions for CLMB Q4 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Research analysts at Barrington Research boosted their Q4 2024 earnings per share estimates for shares of Climb Global Solutions in a report released on Tuesday, November 12th. Barrington Research analyst V. Colicchio now anticipates that the company will post earnings of $1.12 per share for the quarter, up from their previous forecast of $0.96. Barrington Research currently has a “Outperform” rating and a $136.00 target price on the stock. The consensus estimate for Climb Global Solutions’ current full-year earnings is $3.28 per share.

Climb Global Solutions Stock Performance

NASDAQ:CLMB opened at $121.57 on Wednesday. The stock has a 50 day moving average price of $102.10 and a 200 day moving average price of $78.83. The stock has a market cap of $560.44 million, a PE ratio of 32.95, a P/E/G ratio of 3.36 and a beta of 1.06. Climb Global Solutions has a one year low of $44.81 and a one year high of $124.50.

Hedge Funds Weigh In On Climb Global Solutions

A number of institutional investors have recently bought and sold shares of CLMB. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions in the 3rd quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd acquired a new stake in Climb Global Solutions during the third quarter worth $126,000. Quantbot Technologies LP acquired a new stake in Climb Global Solutions during the third quarter worth $147,000. SG Americas Securities LLC purchased a new stake in Climb Global Solutions in the third quarter valued at $159,000. Finally, Lazard Asset Management LLC lifted its stake in shares of Climb Global Solutions by 82.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after purchasing an additional 1,319 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.56%. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

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.