Barrington Research Weighs in on CLMB FY2024 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Analysts at Barrington Research boosted their FY2024 earnings estimates for Climb Global Solutions in a research note issued to investors on Tuesday, November 12th. Barrington Research analyst V. Colicchio now forecasts that the company will post earnings of $4.14 per share for the year, up from their previous estimate of $3.28. 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. Barrington Research also issued estimates for Climb Global Solutions’ FY2025 earnings at $4.55 EPS.

Climb Global Solutions Stock Down 0.3 %

Climb Global Solutions stock opened at $121.21 on Thursday. The firm has a market cap of $558.78 million, a P/E ratio of 32.85, a P/E/G ratio of 3.36 and a beta of 1.06. The business has a fifty day moving average of $102.72 and a two-hundred day moving average of $79.12. Climb Global Solutions has a twelve month low of $45.79 and a twelve month high of $124.50.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 0.56%. Climb Global Solutions’s dividend payout ratio (DPR) is 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in Climb Global Solutions during the 3rd quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Climb Global Solutions in the 3rd quarter valued at $126,000. Quantbot Technologies LP purchased a new position in Climb Global Solutions in the 3rd quarter worth $147,000. SG Americas Securities LLC purchased a new position in Climb Global Solutions in the 3rd quarter worth $159,000. Finally, Lazard Asset Management LLC lifted its position in Climb Global Solutions by 82.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after acquiring an additional 1,319 shares during the period. Institutional investors and hedge funds own 49.72% 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.