Cantaloupe (CTLP) to Release Earnings on Thursday

Cantaloupe (NASDAQ:CTLP) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Cantaloupe to post earnings of $0.05 per share for the quarter. Cantaloupe has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. The business had revenue of $65.36 million during the quarter, compared to analysts’ expectations of $66.92 million. 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 NASDAQ CTLP opened at $5.92 on Tuesday. The stock’s 50-day simple moving average is $6.26 and its 200-day simple moving average is $6.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.64. The firm has a market capitalization of $430.98 million, a PE ratio of 31.16 and a beta of 1.51. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $8.28.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTLP. Benchmark restated a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Monday, March 25th. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Monday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cantaloupe currently has an average rating of “Buy” and a consensus price target of $9.88.

Insider Activity at Cantaloupe

In other Cantaloupe news, CEO Ravi Venkatesan acquired 7,749 shares of the stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $6.45 per share, with a total value of $49,981.05. Following the transaction, the chief executive officer now owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ravi Venkatesan acquired 7,749 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $6.45 per share, with a total value of $49,981.05. Following the transaction, the chief executive officer now owns 128,658 shares of the company’s stock, valued at $829,844.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the completion of the transaction, the insider now directly owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

About Cantaloupe

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.