Cantaloupe (NASDAQ:CTLP) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Cantaloupe (NASDAQ:CTLP) issued its quarterly earnings data on Thursday. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. Cantaloupe updated its FY 2025 guidance to EPS.

Cantaloupe Trading Up 0.3 %

CTLP stock traded up $0.03 during trading on Thursday, hitting $8.67. The company had a trading volume of 393,417 shares, compared to its average volume of 272,709. The stock has a market cap of $632.82 million, a PE ratio of 51.00 and a beta of 1.64. Cantaloupe has a one year low of $5.74 and a one year high of $10.48. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $8.95 and a 200-day moving average of $8.21.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTLP. Benchmark boosted their price target on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities upped their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $12.00 price target on shares of Cantaloupe in a research note on Monday.

Cantaloupe Company Profile

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.