Analysts Offer Predictions for CLMB FY2024 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Equities researchers at Barrington Research lifted their FY2024 EPS estimates for 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 $4.14 per share for the year, up from their prior 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 $4.14 per share. Barrington Research also issued estimates for Climb Global Solutions’ FY2025 earnings at $4.55 EPS.

Climb Global Solutions Stock Down 0.3 %

CLMB opened at $120.80 on Thursday. Climb Global Solutions has a 52-week low of $45.79 and a 52-week high of $124.50. The company has a market cap of $556.89 million, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The firm’s 50-day moving average price is $103.38 and its 200-day moving average price is $79.49.

Climb Global Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were given a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Climb Global Solutions by 3.4% in the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after buying an additional 7,447 shares during the last quarter. Choreo LLC purchased a new stake in Climb Global Solutions in the 2nd quarter worth approximately $4,491,000. Pinnacle Associates Ltd. boosted its position in Climb Global Solutions by 66.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock worth $1,814,000 after purchasing an additional 7,298 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions in the 3rd quarter worth approximately $38,000. Finally, SG Americas Securities LLC purchased a new stake in Climb Global Solutions in the 3rd quarter worth approximately $159,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

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.