Cantaloupe (CTLP) to Release Earnings on Thursday

Cantaloupe (NASDAQ:CTLP) is scheduled to release its earnings data 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.Investors interested in listening to the company’s conference call can do so using this link.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $65.36 million for the quarter, compared to the consensus estimate of $66.92 million. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. On average, analysts expect Cantaloupe to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cantaloupe Trading Up 0.8 %

Shares of Cantaloupe stock opened at $5.97 on Wednesday. Cantaloupe has a 12-month low of $5.74 and a 12-month high of $8.28. The stock has a market capitalization of $434.62 million, a P/E ratio of 31.37 and a beta of 1.51. The company has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.64. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 0.21.

Insider Transactions at Cantaloupe

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

Wall Street Analysts Forecast Growth

CTLP has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Cantaloupe in a research report on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Cantaloupe has an average rating of “Buy” and an average target price of $9.88.

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.