PAR Technology (PAR) to Release Earnings on Friday

PAR Technology (NYSE:PAR) is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. During the same quarter last year, the business earned ($0.65) earnings per share. PAR Technology’s revenue was up 12.5% on a year-over-year basis. On average, analysts expect PAR Technology to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PAR Technology Stock Performance

Shares of PAR opened at $62.55 on Wednesday. PAR Technology has a 12 month low of $31.57 and a 12 month high of $62.68. The stock has a fifty day moving average price of $56.14 and a 200-day moving average price of $50.45. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The firm has a market cap of $2.27 billion, a PE ratio of -250.20 and a beta of 2.14.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, October 14th. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Stephens raised their target price on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Finally, Benchmark restated a “buy” rating and issued a $69.00 target price on shares of PAR Technology in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.17.

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.