Cantaloupe, Inc. Forecasted to Earn FY2024 Earnings of $0.17 Per Share (NASDAQ:CTLP)

Cantaloupe, Inc. (NASDAQ:CTLP) – Investment analysts at Northland Capmk raised their FY2024 earnings per share estimates for shares of Cantaloupe in a research note issued to investors on Thursday, July 11th. Northland Capmk analyst M. Latimore now anticipates that the technology company will post earnings of $0.17 per share for the year, up from their previous estimate of $0.16. The consensus estimate for Cantaloupe’s current full-year earnings is $0.17 per share. Northland Capmk also issued estimates for Cantaloupe’s Q1 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.10 EPS and FY2025 earnings at $0.27 EPS.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $67.90 million during the quarter, compared to the consensus estimate of $69.57 million. Cantaloupe had a net margin of 4.85% and a return on equity of 7.36%. During the same quarter in the prior year, the firm earned $0.09 EPS.

A number of other analysts also recently issued reports on CTLP. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday, March 25th. Northland Securities restated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Friday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Tuesday, May 28th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $9.90.

Cantaloupe Price Performance

NASDAQ:CTLP opened at $6.57 on Monday. The stock has a 50 day moving average price of $6.66 and a 200 day moving average price of $6.56. The stock has a market cap of $478.36 million, a PE ratio of 41.06 and a beta of 1.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.57. Cantaloupe has a one year low of $5.74 and a one year high of $8.28.

Hedge Funds Weigh In On Cantaloupe

Institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Cantaloupe in the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC grew its stake in shares of Cantaloupe by 949.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after acquiring an additional 9,765 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cantaloupe by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after acquiring an additional 3,197 shares during the period. SG Americas Securities LLC raised its stake in shares of Cantaloupe by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 21,265 shares of the technology company’s stock valued at $158,000 after acquiring an additional 6,125 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in Cantaloupe by 11.4% in the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock valued at $222,000 after purchasing an additional 3,536 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

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.