PAR Technology Co. (NYSE:PAR) Expected to Announce Quarterly Sales of $78.73 Million

Wall Street analysts expect PAR Technology Co. (NYSE:PARGet Rating) to post sales of $78.73 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for PAR Technology’s earnings, with estimates ranging from $77.60 million to $79.86 million. PAR Technology posted sales of $68.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PAR Technology will report full year sales of $319.30 million for the current financial year, with estimates ranging from $318.30 million to $320.30 million. For the next year, analysts expect that the firm will report sales of $365.10 million, with estimates ranging from $364.99 million to $365.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow PAR Technology.

PAR Technology (NYSE:PARGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The software maker reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.33. PAR Technology had a negative net margin of 26.80% and a negative return on equity of 18.45%. The business had revenue of $80.30 million during the quarter, compared to analyst estimates of $74.66 million. During the same period last year, the business posted ($0.38) earnings per share. PAR Technology’s quarterly revenue was up 47.1% compared to the same quarter last year.

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

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

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

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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