FY2027 EPS Estimates for Cantaloupe Raised by William Blair

Cantaloupe, Inc. (NASDAQ:CTLP) – Stock analysts at William Blair upped their FY2027 earnings per share (EPS) estimates for Cantaloupe in a research note issued to investors on Thursday, May 8th. William Blair analyst C. Kennedy now anticipates that the technology company will post earnings per share of $0.61 for the year, up from their previous estimate of $0.57. The consensus estimate for Cantaloupe’s current full-year earnings is $0.32 per share.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $75.43 million for the quarter, compared to analysts’ expectations of $79.83 million. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%.

CTLP has been the topic of a number of other reports. Benchmark increased their price objective on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th.

Cantaloupe Stock Up 1.7%

CTLP stock opened at $7.83 on Monday. The company’s 50 day moving average price is $7.85 and its 200 day moving average price is $8.77. The firm has a market capitalization of $571.86 million, a price-to-earnings ratio of 39.15 and a beta of 1.08. Cantaloupe has a fifty-two week low of $5.82 and a fifty-two week high of $11.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81.

Institutional Trading of Cantaloupe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTLP. Barclays PLC boosted its holdings in shares of Cantaloupe by 272.2% in the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after buying an additional 83,316 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after acquiring an additional 86,109 shares during the last quarter. UMB Bank n.a. acquired a new position in Cantaloupe in the fourth quarter valued at $153,000. SG Americas Securities LLC boosted its stake in Cantaloupe by 25.3% in the fourth quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock valued at $265,000 after acquiring an additional 5,612 shares in the last quarter. Finally, Anderson Hoagland & Co. purchased a new position in shares of Cantaloupe during the fourth quarter worth about $1,837,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.