Equities analysts expect PAR Technology Co. (NYSE:PAR) to post ($0.12) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for PAR Technology’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.13). PAR Technology posted earnings per share of ($0.04) during the same quarter last year, which indicates a negative year over year growth rate of 200%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that PAR Technology will report full year earnings of ($0.66) per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of ($0.32) per share, with EPS estimates ranging from ($0.41) to ($0.22). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for PAR Technology.
PAR Technology (NYSE:PAR) last released its quarterly earnings results on Monday, May 6th. The software maker reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. PAR Technology had a negative return on equity of 13.55% and a negative net margin of 14.15%. The business had revenue of $44.68 million during the quarter, compared to analyst estimates of $45.94 million.
PAR has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 635 ($8.30) target price on shares of Meggitt in a research report on Wednesday, May 15th. Sidoti initiated coverage on PAR Technology in a research report on Tuesday, June 25th. They set a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. PAR Technology currently has a consensus rating of “Buy” and a consensus target price of $31.50.
Shares of PAR Technology stock traded down $0.51 during trading hours on Friday, hitting $26.39. 4,201 shares of the company’s stock traded hands, compared to its average volume of 140,816. PAR Technology has a 12-month low of $15.22 and a 12-month high of $29.77. The stock has a market capitalization of $436.55 million, a PE ratio of -87.08 and a beta of -0.18. The stock’s fifty day moving average is $27.73. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.19 and a quick ratio of 0.75.
Several hedge funds have recently bought and sold shares of PAR. BlackRock Inc. raised its stake in PAR Technology by 0.6% in the fourth quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after purchasing an additional 4,803 shares in the last quarter. Nantahala Capital Management LLC boosted its stake in PAR Technology by 403.9% during the 4th quarter. Nantahala Capital Management LLC now owns 556,799 shares of the software maker’s stock worth $12,110,000 after acquiring an additional 446,295 shares during the last quarter. Wedbush Securities Inc. raised its holdings in PAR Technology by 6.4% during the 1st quarter. Wedbush Securities Inc. now owns 371,879 shares of the software maker’s stock worth $9,096,000 after buying an additional 22,247 shares during the period. Geode Capital Management LLC raised its holdings in PAR Technology by 19.5% during the 4th quarter. Geode Capital Management LLC now owns 117,673 shares of the software maker’s stock worth $2,559,000 after buying an additional 19,163 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new stake in PAR Technology during the 1st quarter worth approximately $1,810,000. Institutional investors own 47.20% of the company’s stock.
PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PAR Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAR Technology and related companies with MarketBeat.com's FREE daily email newsletter.