FY2027 EPS Estimates for Cantaloupe Boosted by William Blair

Cantaloupe, Inc. (NASDAQ:CTLP) – Stock analysts at William Blair raised their FY2027 earnings per share estimates for Cantaloupe in a research note issued on Thursday, May 8th. William Blair analyst C. Kennedy now anticipates that the technology company will post earnings per share of $0.61 for the year, up from their previous estimate of $0.57. The consensus estimate for Cantaloupe’s current full-year earnings is $0.32 per share.

A number of other equities analysts have also recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark increased their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.

Cantaloupe Trading Down 6.9%

Shares of CTLP stock opened at $7.70 on Monday. The stock has a market cap of $562.37 million, a price-to-earnings ratio of 38.50 and a beta of 1.08. The firm has a fifty day moving average of $7.88 and a 200-day moving average of $8.78. Cantaloupe has a 52-week low of $5.82 and a 52-week high of $11.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. The company had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in Cantaloupe by 18.8% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $906,000 after purchasing an additional 15,100 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after buying an additional 86,109 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Cantaloupe by 25.3% in the fourth quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock valued at $265,000 after buying an additional 5,612 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Cantaloupe in the fourth quarter valued at about $908,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Cantaloupe by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 479,346 shares of the technology company’s stock worth $4,559,000 after buying an additional 3,888 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

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.