Climb Global Solutions (CLMB) Set to Announce Quarterly Earnings on Tuesday

Climb Global Solutions (NASDAQ:CLMB) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.15). Climb Global Solutions had a return on equity of 18.93% and a net margin of 3.26%. The company had revenue of $92.42 million during the quarter, compared to analyst estimates of $105.44 million. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, analysts expect Climb Global Solutions to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Climb Global Solutions Trading Up 2.0 %

Climb Global Solutions stock traded up $1.30 during mid-day trading on Tuesday, hitting $67.70. 565 shares of the stock were exchanged, compared to its average volume of 13,010. Climb Global Solutions has a 12 month low of $37.67 and a 12 month high of $73.25. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $59.76 and its two-hundred day simple moving average is $61.35. The stock has a market capitalization of $310.74 million, a price-to-earnings ratio of 25.74, a PEG ratio of 2.35 and a beta of 1.00.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $68.00 target price on shares of Climb Global Solutions in a report on Tuesday, May 28th.

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.