William Blair Forecasts Cantaloupe FY2027 Earnings

Cantaloupe, Inc. (NASDAQ:CTLP) – Equities researchers at William Blair issued their FY2027 earnings estimates for Cantaloupe in a research note issued to investors on Thursday, February 6th. William Blair analyst C. Kennedy expects that the technology company will post earnings of $0.57 per share for the year. The consensus estimate for Cantaloupe’s current full-year earnings is $0.32 per share.

Several other brokerages also recently commented on CTLP. Barrington Research reiterated an “outperform” rating and set a $12.00 target price on shares of Cantaloupe in a research note on Monday, February 3rd. Benchmark lifted their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Northland Securities upped their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Cantaloupe Trading Up 0.9 %

Cantaloupe stock opened at $9.93 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The stock has a 50-day simple moving average of $8.97 and a 200 day simple moving average of $8.26. The stock has a market capitalization of $724.75 million, a P/E ratio of 49.65 and a beta of 1.64. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $10.48.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.45%. During the same period in the prior year, the firm posted $0.04 earnings per share.

Institutional Trading of Cantaloupe

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Cantaloupe during the third quarter worth $26,000. Parkside Financial Bank & Trust acquired a new stake in Cantaloupe in the 4th quarter worth about $47,000. New York State Common Retirement Fund boosted its holdings in Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares during the period. Truist Financial Corp acquired a new position in shares of Cantaloupe during the 4th quarter worth approximately $111,000. Finally, Quantbot Technologies LP grew its position in shares of Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,975 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

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.