Cantaloupe (CTLP) Scheduled to Post Earnings on Thursday

Cantaloupe (NASDAQ:CTLP) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Cantaloupe has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $65.36 million for the quarter, compared to analysts’ expectations 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 CTLP stock opened at $5.97 on Wednesday. The stock has a market cap of $434.62 million, a P/E ratio of 31.37 and a beta of 1.51. Cantaloupe has a 1 year low of $5.74 and a 1 year high of $8.28. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $6.24 and a 200 day simple moving average of $6.64.

Insider Activity at Cantaloupe

In other Cantaloupe news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ravi Venkatesan acquired 7,749 shares of Cantaloupe stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the transaction, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the sale, the insider now directly owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CTLP shares. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Cantaloupe in a report on Monday, March 25th. Barrington Research reiterated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research note on Monday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.