PAR Technology (NYSE:PAR) Announces Earnings Results

PAR Technology (NYSE:PAR) posted its earnings results on Friday. The software maker reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04, Briefing.com reports. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $103.86 million during the quarter, compared to analysts’ expectations of $105.16 million. During the same period last year, the company posted ($0.36) earnings per share. PAR Technology’s quarterly revenue was up 48.2% on a year-over-year basis.

PAR Technology Stock Performance

NYSE PAR opened at $64.72 on Friday. The company has a market capitalization of $2.62 billion, a P/E ratio of -258.87 and a beta of 1.76. PAR Technology has a 1-year low of $41.27 and a 1-year high of $82.24. The business has a 50 day moving average price of $59.24 and a 200 day moving average price of $67.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a “sell” rating in a report on Monday, March 3rd. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.86.

About PAR Technology

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.