What is Barrington Research’s Forecast for CLMB Q4 Earnings?

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

Climb Global Solutions Trading Down 0.3 %

CLMB stock opened at $121.21 on Wednesday. The stock has a 50-day moving average price of $102.72 and a two-hundred day moving average price of $79.12. The stock has a market cap of $558.78 million, a PE ratio of 32.85, a price-to-earnings-growth ratio of 3.36 and a beta of 1.06. Climb Global Solutions has a 1 year low of $45.79 and a 1 year high of $124.50.

Climb Global Solutions Announces Dividend

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

Hedge Funds Weigh In On Climb Global Solutions

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after acquiring an additional 7,447 shares in the last quarter. De Lisle Partners LLP grew its holdings in shares of Climb Global Solutions by 24.1% in the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock valued at $19,272,000 after acquiring an additional 37,747 shares in the last quarter. Choreo LLC bought a new position in shares of Climb Global Solutions in the 2nd quarter valued at about $4,491,000. Herald Investment Management Ltd grew its holdings in shares of Climb Global Solutions by 3.0% in the 2nd quarter. Herald Investment Management Ltd now owns 40,000 shares of the company’s stock valued at $2,447,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Climb Global Solutions by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company’s stock valued at $2,510,000 after acquiring an additional 919 shares in the last quarter. Institutional investors 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.