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

Cantaloupe (NASDAQ:CTLP) posted its earnings results 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 net margin of 4.90% and a return on equity of 7.53%. Cantaloupe updated its FY 2025 guidance to EPS.

Cantaloupe Price Performance

NASDAQ:CTLP traded up $0.03 during midday 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’s fifty day moving average price is $8.95 and its 200-day moving average price is $8.21. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $10.48. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $632.82 million, a PE ratio of 51.00 and a beta of 1.64.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Northland Securities raised their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Benchmark lifted their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and issued a $12.00 target price 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.