Cantaloupe (CTLP) Set to Announce Earnings on Thursday

Cantaloupe (NASDAQ:CTLP) is scheduled to post its quarterly earnings results 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

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

Cantaloupe Price Performance

Shares of CTLP stock opened at $9.16 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.49. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $9.40. The firm has a market cap of $668.59 million, a P/E ratio of 61.07 and a beta of 1.68. The business’s 50 day moving average price is $7.75 and its 200-day moving average price is $7.09.

Insider Activity

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

Analyst Upgrades and Downgrades

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