Brokerages expect that PAR Technology Co. (NYSE:PAR) will post sales of $45.08 million for the current quarter, Zacks reports. Two analysts have made estimates for PAR Technology’s earnings, with estimates ranging from $44.84 million to $45.32 million. PAR Technology reported sales of $46.36 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.8%. The business is expected to report its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that PAR Technology will report full-year sales of $185.02 million for the current year, with estimates ranging from $182.41 million to $187.64 million. For the next fiscal year, analysts expect that the firm will post sales of $219.43 million, with estimates ranging from $203.55 million to $235.30 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for PAR Technology.
PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06). The firm had revenue of $44.25 million during the quarter, compared to the consensus estimate of $48.05 million. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%.
Several equities analysts have issued reports on the stock. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating in a research note on Friday, July 26th. ValuEngine cut shares of PAR Technology from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of PAR Technology from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.50.
In other PAR Technology news, Director John W. Sammon, Jr. sold 5,773 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $23.14, for a total transaction of $133,587.22. Following the transaction, the director now owns 2,567,985 shares in the company, valued at approximately $59,423,172.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Sammon, Jr. sold 3,899 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $24.00, for a total transaction of $93,576.00. Following the transaction, the director now owns 2,410,661 shares in the company, valued at approximately $57,855,864. The disclosure for this sale can be found here. Insiders have sold a total of 33,488 shares of company stock worth $779,675 in the last 90 days. Company insiders own 30.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of PAR. Northern Trust Corp increased its position in shares of PAR Technology by 0.5% during the 2nd quarter. Northern Trust Corp now owns 146,739 shares of the software maker’s stock valued at $4,138,000 after purchasing an additional 761 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of PAR Technology during the 2nd quarter valued at about $28,000. Charles Schwab Investment Management Inc. increased its position in shares of PAR Technology by 4.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 27,178 shares of the software maker’s stock valued at $767,000 after purchasing an additional 1,099 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of PAR Technology during the 2nd quarter valued at about $47,000. Finally, Royal Bank of Canada purchased a new stake in shares of PAR Technology during the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 57.29% of the company’s stock.
PAR Technology stock traded up $0.42 during mid-day trading on Friday, reaching $25.69. The stock had a trading volume of 91,241 shares, compared to its average volume of 208,721. The company has a market capitalization of $405.14 million, a price-to-earnings ratio of -82.87 and a beta of -0.20. The company has a 50-day moving average price of $23.56 and a two-hundred day moving average price of $25.04. PAR Technology has a one year low of $15.22 and a one year high of $29.77. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.76 and a quick ratio of 3.09.
The business also recently announced an annual dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.31 per share. This represents a yield of 1.31%. The ex-dividend date of this dividend is Thursday, September 26th.
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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