PAR Technology (PAR) to Release Quarterly Earnings on Thursday

PAR Technology (NYSE:PAR) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect PAR Technology to post earnings of ($0.31) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. The company had revenue of $107.71 million for the quarter, compared to analysts’ expectations of $106.12 million. On average, analysts expect PAR Technology to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PAR Technology Trading Down 0.1 %

Shares of PAR opened at $42.25 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.25 and a quick ratio of 1.96. PAR Technology has a 1 year low of $24.76 and a 1 year high of $49.84. The company has a 50 day simple moving average of $42.97 and a two-hundred day simple moving average of $41.33. The firm has a market cap of $1.44 billion, a P/E ratio of -16.70 and a beta of 1.98.

Insider Buying and Selling

In related news, CFO Bryan A. Menar sold 803 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total value of $35,163.37. Following the completion of the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total transaction of $189,180.00. Following the completion of the sale, the director now directly owns 14,365 shares in the company, valued at $603,904.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bryan A. Menar sold 803 shares of PAR Technology stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total value of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares of the company’s stock, valued at $2,390,977.79. The disclosure for this sale can be found here. 3.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAR. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, March 7th. Needham & Company LLC reiterated a “buy” rating and set a $53.00 target price on shares of PAR Technology in a research report on Thursday, March 28th. TheStreet upgraded PAR Technology from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research report on Tuesday, March 12th. Finally, Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.57.

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.