Analysts Anticipate PAR Technology Co. (NYSE:PAR) Will Announce Earnings of -$0.41 Per Share

Wall Street brokerages expect that PAR Technology Co. (NYSE:PARGet Rating) will report ($0.41) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for PAR Technology’s earnings. The lowest EPS estimate is ($0.46) and the highest is ($0.36). PAR Technology reported earnings of ($0.38) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 7.9%. The business is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that PAR Technology will report full-year earnings of ($1.41) per share for the current fiscal year, with EPS estimates ranging from ($1.67) to ($1.15). For the next financial year, analysts forecast that the company will report earnings of ($1.05) per share, with EPS estimates ranging from ($1.34) to ($0.75). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for PAR Technology.

PAR Technology (NYSE:PARGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The software maker reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.25). The company had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $74.95 million. PAR Technology had a negative return on equity of 18.45% and a negative net margin of 26.80%. During the same quarter in the prior year, the business posted ($0.37) EPS.

A number of research firms recently commented on PAR. Craig Hallum dropped their price objective on PAR Technology from $100.00 to $60.00 in a research report on Wednesday, March 2nd. William Blair restated an “outperform” rating on shares of PAR Technology in a report on Wednesday, March 2nd. Needham & Company LLC lowered their price target on PAR Technology from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. BTIG Research lowered their price target on PAR Technology from $110.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, January 26th. Finally, Zacks Investment Research upgraded PAR Technology from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a report on Wednesday, April 13th.

PAR Technology stock opened at $37.41 on Wednesday. The stock has a market cap of $1.01 billion, a PE ratio of -12.68 and a beta of 1.94. The stock has a 50-day moving average price of $39.78 and a 200 day moving average price of $49.46. PAR Technology has a 52 week low of $33.21 and a 52 week high of $84.73. The company has a current ratio of 4.68, a quick ratio of 4.10 and a debt-to-equity ratio of 0.61.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in shares of PAR Technology by 3.9% in the 4th quarter. Capital Research Global Investors now owns 3,092,461 shares of the software maker’s stock valued at $163,189,000 after purchasing an additional 115,094 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its stake in shares of PAR Technology by 7.3% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,171,217 shares of the software maker’s stock valued at $61,805,000 after purchasing an additional 80,057 shares in the last quarter. Light Street Capital Management LLC lifted its stake in shares of PAR Technology by 52.2% in the 4th quarter. Light Street Capital Management LLC now owns 1,014,487 shares of the software maker’s stock valued at $53,534,000 after purchasing an additional 347,823 shares in the last quarter. Rovida Advisors Inc. lifted its stake in shares of PAR Technology by 31.6% in the 4th quarter. Rovida Advisors Inc. now owns 1,000,000 shares of the software maker’s stock valued at $52,900,000 after purchasing an additional 240,000 shares in the last quarter. Finally, Bamco Inc. NY lifted its stake in shares of PAR Technology by 32.4% in the 3rd quarter. Bamco Inc. NY now owns 999,376 shares of the software maker’s stock valued at $61,472,000 after purchasing an additional 244,417 shares in the last quarter.

PAR Technology Company Profile (Get Rating)

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.

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