PAR Technology (PAR) Set to Announce Earnings on Friday

PAR Technology (NYSE:PAR) is scheduled to be posting its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect PAR Technology to post earnings of ($0.16) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.65) EPS. On average, analysts expect PAR Technology to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $58.99 on Friday. The firm’s fifty day simple moving average is $55.64 and its 200-day simple moving average is $49.82. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -235.96 and a beta of 2.16. PAR Technology has a 12 month low of $28.63 and a 12 month high of $62.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80.

Wall Street Analyst Weigh In

PAR has been the topic of several recent research reports. Benchmark reissued a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a research note on Friday, August 9th. Needham & Company LLC boosted their price objective on shares of PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $60.00 in a research note on Monday, August 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.17.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.