Climb Global Solutions (NASDAQ:CLMB) Releases Earnings Results, Beats Expectations By $1.14 EPS

Climb Global Solutions (NASDAQ:CLMB) posted its earnings results on Wednesday. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $1.14, Zacks reports. Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%.

Climb Global Solutions Price Performance

Climb Global Solutions stock traded up $1.06 during midday trading on Wednesday, hitting $118.81. 66,101 shares of the stock were exchanged, compared to its average volume of 26,873. Climb Global Solutions has a 1 year low of $49.69 and a 1 year high of $142.50. The firm has a market cap of $547.36 million, a P/E ratio of 32.20, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a 50 day moving average price of $126.71 and a two-hundred day moving average price of $115.78.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, December 12th.

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.