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

Cantaloupe (NASDAQ:CTLP) released its quarterly earnings data on Thursday. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01, Zacks reports. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same quarter in the previous year, the company earned $0.04 earnings per share. Cantaloupe updated its FY 2025 guidance to EPS.

Cantaloupe Stock Up 3.6 %

Cantaloupe stock opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a 50 day moving average price of $8.94 and a 200 day moving average price of $8.21. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $10.48. The company has a market capitalization of $653.19 million, a PE ratio of 52.64 and a beta of 1.64.

Wall Street Analyst Weigh In

CTLP has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $12.00 price target on shares of Cantaloupe in a research report on Monday. Northland Securities lifted their target price on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Benchmark increased 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.

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.