-$0.41 EPS Expected for PAR Technology Co. (NYSE:PAR) This Quarter

Equities research analysts expect PAR Technology Co. (NYSE:PARGet Rating) to post earnings of ($0.41) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for PAR Technology’s earnings, with estimates ranging from ($0.46) to ($0.36). PAR Technology reported earnings per share of ($0.38) in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The firm is scheduled to issue its next earnings results after the market closes 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 financial year, with EPS estimates ranging from ($1.67) to ($1.15). For the next year, analysts expect that the business will report earnings of ($1.05) per share, with EPS estimates ranging from ($1.34) to ($0.75). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow PAR Technology.

PAR Technology (NYSE:PARGet Rating) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $74.95 million. PAR Technology had a negative net margin of 26.80% and a negative return on equity of 18.45%. During the same period last year, the business earned ($0.37) earnings per share.

A number of research firms recently commented on PAR. Zacks Investment Research downgraded shares of PAR Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Needham & Company LLC lowered their price objective on shares of PAR Technology from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, March 2nd. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Wednesday, March 2nd. BTIG Research lowered their price objective on shares of PAR Technology from $110.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 26th. Finally, Craig Hallum lowered their price objective on shares of PAR Technology from $100.00 to $60.00 in a research report on Wednesday, March 2nd.

Several hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its stake in shares of PAR Technology by 2.9% in the 3rd quarter. Voya Investment Management LLC now owns 9,436 shares of the software maker’s stock worth $580,000 after acquiring an additional 262 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of PAR Technology by 1.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,518 shares of the software maker’s stock worth $766,000 after acquiring an additional 277 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of PAR Technology by 5.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 8,012 shares of the software maker’s stock valued at $493,000 after purchasing an additional 400 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of PAR Technology by 11.6% in the first quarter. Teacher Retirement System of Texas now owns 5,262 shares of the software maker’s stock valued at $212,000 after purchasing an additional 549 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of PAR Technology by 2.1% in the third quarter. California State Teachers Retirement System now owns 33,366 shares of the software maker’s stock valued at $2,052,000 after purchasing an additional 682 shares during the period.

NYSE PAR opened at $30.84 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.68 and a quick ratio of 4.10. The firm’s fifty day moving average price is $37.62 and its 200 day moving average price is $46.27. The company has a market capitalization of $834.50 million, a price-to-earnings ratio of -10.45 and a beta of 1.96. PAR Technology has a 12 month low of $30.45 and a 12 month high of $76.80.

About PAR Technology (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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