FY2024 EPS Estimates for CLMB Lifted by Barrington Research

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Investment analysts at Barrington Research raised their FY2024 earnings per share (EPS) estimates for shares of Climb Global Solutions in a research note issued on Tuesday, November 12th. Barrington Research analyst V. Colicchio now forecasts that the company will earn $4.14 per share for the year, up from their prior forecast of $3.28. Barrington Research has a “Outperform” rating and a $136.00 price objective 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 Trading Up 0.3 %

Climb Global Solutions stock opened at $121.57 on Thursday. Climb Global Solutions has a 1-year low of $44.81 and a 1-year high of $124.50. The firm has a market capitalization of $560.44 million, a PE ratio of 32.95, a price-to-earnings-growth ratio of 3.36 and a beta of 1.06. The firm’s 50 day simple moving average is $102.10 and its 200 day simple moving average is $78.83.

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 11th will be given 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 payout ratio is 18.43%.

Institutional Trading of Climb Global Solutions

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

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.