Cantaloupe (CTLP) Scheduled to Post Quarterly Earnings on Thursday

Cantaloupe (NASDAQ:CTLP) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Cantaloupe to post earnings of $0.05 per share for the quarter. Cantaloupe has set its FY 2025 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $72.66 million during the quarter, compared to analyst estimates of $76.14 million. Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. During the same quarter in the prior year, the business earned $0.04 earnings per share. On average, analysts expect Cantaloupe to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cantaloupe Stock Up 0.7 %

Shares of CTLP opened at $9.22 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.49. The company has a 50-day simple moving average of $7.75 and a 200-day simple moving average of $7.09. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $9.40. The firm has a market capitalization of $672.93 million, a P/E ratio of 61.47 and a beta of 1.68.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CTLP shares. Craig Hallum reduced their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Northland Securities reiterated an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a report on Monday. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Wednesday, September 11th.

Insider Buying and Selling

In related news, Director Douglas Bergeron purchased 36,000 shares of the stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the completion of the transaction, the director now directly owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Douglas Bergeron bought 36,000 shares of Cantaloupe stock in a transaction dated Monday, September 30th. The shares were bought at an average price of $7.41 per share, for a total transaction of $266,760.00. Following the purchase, the director now owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ravi Venkatesan bought 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $6.30 per share, with a total value of $50,400.00. Following the transaction, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 57,866 shares of company stock worth $416,302 in the last 90 days. 6.30% of the stock is owned by company insiders.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.