Brokerages Expect PAR Technology Co. (NYSE:PAR) Will Announce Quarterly Sales of $78.73 Million

Analysts forecast that PAR Technology Co. (NYSE:PAR – Get Rating) will report sales of $78.73 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for PAR Technology’s earnings. The lowest sales estimate is $77.60 million and the highest is $79.86 million. PAR Technology reported sales of $68.95 million in the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that PAR Technology will report full-year sales of $319.30 million for the current fiscal year, with estimates ranging from $318.30 million to $320.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $365.10 million, with estimates ranging from $364.99 million to $365.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for PAR Technology.

PAR Technology (NYSE:PAR – Get Rating) last issued its earnings results on Tuesday, May 10th. The software maker reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.33. The company had revenue of $80.30 million during the quarter, compared to analysts’ expectations of $74.66 million. PAR Technology had a negative net margin of 26.80% and a negative return on equity of 18.45%. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.38) EPS.

Several brokerages recently issued reports on PAR. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Wednesday, March 2nd. Zacks Investment Research lowered shares of PAR Technology from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Craig Hallum decreased their price target on shares of PAR Technology from $100.00 to $60.00 in a report on Wednesday, March 2nd. Needham & Company LLC decreased their price target on shares of PAR Technology from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, March 2nd. Finally, BTIG Research reduced their target price on shares of PAR Technology from $110.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 26th.

Shares of PAR Technology stock opened at $32.47 on Thursday. The firm has a market capitalization of $878.61 million, a PE ratio of -11.01 and a beta of 1.96. The company has a current ratio of 4.68, a quick ratio of 4.10 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $37.28 and its 200 day moving average is $46.05. PAR Technology has a 1 year low of $28.87 and a 1 year high of $74.50.

Institutional investors and hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. bought a new stake in PAR Technology during the 3rd quarter worth approximately $26,000. Spire Wealth Management acquired a new position in shares of PAR Technology in the 4th quarter worth approximately $51,000. Point72 Hong Kong Ltd acquired a new position in shares of PAR Technology in the 4th quarter worth approximately $55,000. Nisa Investment Advisors LLC lifted its position in shares of PAR Technology by 500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,560 shares of the software maker’s stock worth $59,000 after purchasing an additional 1,300 shares during the period. Finally, Sargent Bickham Lagudis LLC acquired a new position in shares of PAR Technology in the 1st quarter worth approximately $61,000.

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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