Cantaloupe (NASDAQ:CTLP) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Cantaloupe (NASDAQ:CTLP) released 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 net margin of 4.85% and a return on equity of 7.36%. The firm had revenue of $72.66 million for the quarter, compared to the consensus estimate of $76.14 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Cantaloupe updated its FY 2025 guidance to EPS.

Cantaloupe Stock Down 2.3 %

Shares of NASDAQ:CTLP opened at $6.24 on Thursday. The stock has a fifty day simple moving average of $6.90 and a two-hundred day simple moving average of $6.61. The stock has a market capitalization of $454.33 million, a price-to-earnings ratio of 39.00 and a beta of 1.70. Cantaloupe has a 12-month low of $5.74 and a 12-month high of $7.91. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

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