Cantaloupe (NASDAQ:CTLP – Get Free Report) announced its quarterly earnings data on Thursday. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01, Zacks reports. Cantaloupe had a net margin of 5.40% and a return on equity of 8.45%. During the same quarter last year, the company earned $0.04 EPS. Cantaloupe updated its FY 2025 guidance to EPS.
Cantaloupe Stock Performance
Shares of CTLP opened at $9.84 on Friday. The firm has a market capitalization of $718.22 million, a P/E ratio of 49.20 and a beta of 1.64. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $10.48. The stock has a 50 day moving average price of $8.96 and a two-hundred day moving average price of $8.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on CTLP shares. Northland Securities upped their price target on Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $12.00 target price on shares of Cantaloupe in a research report on Monday, February 3rd. Finally, Benchmark lifted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th.
About Cantaloupe
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.
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