Climb Global Solutions (NASDAQ:CLMB – Get Free Report) posted its earnings results on Wednesday. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.15), Zacks reports. Climb Global Solutions had a return on equity of 20.65% and a net margin of 3.50%. The firm had revenue of $92.42 million for the quarter, compared to analysts’ expectations of $105.44 million. During the same quarter last year, the company posted $0.74 EPS.
Climb Global Solutions Stock Down 10.5 %
Shares of CLMB traded down $6.95 during mid-day trading on Thursday, reaching $59.09. The company had a trading volume of 51,582 shares, compared to its average volume of 10,214. 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 firm has a 50-day moving average price of $67.15 and a 200 day moving average price of $56.98. Climb Global Solutions has a 52 week low of $37.67 and a 52 week high of $73.25. The company has a market capitalization of $271.99 million, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.
Climb Global Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. Climb Global Solutions’s dividend payout ratio is currently 25.00%.
Insider Transactions at Climb Global Solutions
Analyst Ratings Changes
Separately, Barrington Research reiterated an “outperform” rating and set a $76.00 target price on shares of Climb Global Solutions in a report on Tuesday.
Read Our Latest Stock Analysis on CLMB
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.
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