PAR Technology (PAR) Set to Announce Quarterly Earnings on Thursday

PAR Technology (NYSE:PAR) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. The business had revenue of $107.71 million during the quarter, compared to the consensus estimate of $106.12 million. On average, analysts expect PAR Technology to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PAR Technology Price Performance

PAR opened at $44.90 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.25 and a quick ratio of 1.96. The company’s 50-day moving average is $42.89 and its 200 day moving average is $41.59. PAR Technology has a fifty-two week low of $24.76 and a fifty-two week high of $49.84. The firm has a market capitalization of $1.53 billion, a P/E ratio of -17.75 and a beta of 2.00.

Insider Activity at PAR Technology

In related news, CFO Bryan A. Menar sold 803 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the transaction, the chief financial officer now owns 54,601 shares of the company’s stock, valued at $2,390,977.79. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of PAR Technology stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the completion of the sale, the chief financial officer now directly owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Douglas Gregory Rauch sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total transaction of $189,180.00. Following the completion of the sale, the director now owns 14,365 shares of the company’s stock, valued at $603,904.60. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PAR. TheStreet raised shares of PAR Technology from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Tuesday, March 12th. Benchmark began coverage on shares of PAR Technology in a research report on Tuesday, February 13th. They set a “hold” rating on the stock. Needham & Company LLC reissued a “buy” rating and set a $53.00 price target on shares of PAR Technology in a research report on Thursday, March 28th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.57.

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.