Cantaloupe (NASDAQ:CTLP) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Cantaloupe (NASDAQ:CTLP) posted its quarterly earnings results on Tuesday. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02), Yahoo Finance reports. Cantaloupe had a return on equity of 7.36% and a net margin of 4.85%. The business had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $76.14 million. During the same quarter in the prior year, the firm earned $0.04 EPS. Cantaloupe updated its FY 2025 guidance to EPS.

Cantaloupe Stock Performance

Shares of CTLP opened at $6.24 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.57 and a quick ratio of 1.17. Cantaloupe has a one year low of $5.74 and a one year high of $7.91. The firm has a market capitalization of $454.33 million, a P/E ratio of 39.00 and a beta of 1.70. The business has a fifty day moving average of $6.90 and a 200 day moving average of $6.61.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CTLP shares. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Wednesday. Barrington Research restated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Friday, September 6th. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th. Finally, Craig Hallum decreased their price target on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $10.00.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.