Analysts Expect PAR Technology Co. (NYSE:PAR) to Post -$0.12 Earnings Per Share

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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.

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