PAR Technology (NYSE:PAR) Announces Quarterly Earnings Results, Misses Estimates By $0.17 EPS

PAR Technology (NYSE:PAR) issued its quarterly earnings results on Friday. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17), Zacks reports. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $105.01 million during the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The company’s quarterly revenue was up 50.2% on a year-over-year basis.

PAR Technology Trading Up 12.7 %

PAR stock traded up $7.72 during trading on Friday, hitting $68.43. The company had a trading volume of 522,332 shares, compared to its average volume of 479,992. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a 50 day simple moving average of $70.50 and a 200-day simple moving average of $65.35. The firm has a market capitalization of $2.65 billion, a P/E ratio of -273.55 and a beta of 2.22. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PAR. Lake Street Capital upped their price target on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research note on Friday. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Stephens restated an “overweight” rating on shares of PAR Technology in a report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

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.