PAR Technology Co. (NYSE:PAR) Expected to Post Earnings of -$0.73 Per Share

Wall Street analysts expect PAR Technology Co. (NYSE:PAR) to report earnings per share (EPS) of ($0.73) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for PAR Technology’s earnings. PAR Technology posted earnings per share of ($0.15) in the same quarter last year, which indicates a negative year-over-year growth rate of 386.7%. The company is expected to issue its next earnings report on Friday, November 5th.

On average, analysts expect that PAR Technology will report full year earnings of ($2.23) per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of ($0.95) per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow PAR Technology.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Sunday, August 8th. The software maker reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.08. PAR Technology had a negative return on equity of 13.28% and a negative net margin of 14.74%.

Separately, Zacks Investment Research raised PAR Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, July 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $92.00.

PAR traded down $0.27 during mid-day trading on Friday, hitting $62.63. 416,742 shares of the stock were exchanged, compared to its average volume of 302,954. The firm’s fifty day moving average is $64.05 and its two-hundred day moving average is $68.60. PAR Technology has a 1-year low of $35.16 and a 1-year high of $90.35. The company has a current ratio of 2.93, a quick ratio of 2.44 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.62 billion, a PE ratio of -39.89 and a beta of 1.88.

Hedge funds have recently bought and sold shares of the business. The PNC Financial Services Group Inc. raised its position in PAR Technology by 8,911.8% in the 1st quarter. The PNC Financial Services Group Inc. now owns 1,532 shares of the software maker’s stock valued at $101,000 after purchasing an additional 1,515 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in PAR Technology in the 2nd quarter valued at about $114,000. Ameritas Investment Partners Inc. raised its position in PAR Technology by 16.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,860 shares of the software maker’s stock valued at $130,000 after purchasing an additional 264 shares in the last quarter. Royal Bank of Canada raised its position in PAR Technology by 24.3% in the 1st quarter. Royal Bank of Canada now owns 3,238 shares of the software maker’s stock valued at $212,000 after purchasing an additional 633 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in PAR Technology in the 2nd quarter valued at about $224,000. 93.22% of the stock is currently owned by institutional investors.

PAR Technology Company Profile

PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries.

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