PAR Technology (NYSE:PAR) Announces Earnings Results

PAR Technology (NYSE:PAR) released its earnings results on Friday. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01, Briefing.com reports. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the previous year, the business earned ($0.35) EPS. The business’s revenue was down 9.6% on a year-over-year basis.

PAR Technology Price Performance

PAR Technology stock traded up $0.91 during trading hours on Monday, hitting $75.15. 2,327,876 shares of the stock were exchanged, compared to its average volume of 352,705. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The stock has a market capitalization of $2.73 billion, a P/E ratio of -300.63 and a beta of 2.14. PAR Technology has a 12 month low of $33.13 and a 12 month high of $75.38. The business’s 50-day moving average is $57.04 and its two-hundred day moving average is $51.02.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a report on Friday, August 9th. Needham & Company LLC boosted their price objective on shares of PAR Technology from $66.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday. Craig Hallum upped their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday. Finally, Lake Street Capital upped their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PAR Technology currently has an average rating of “Moderate Buy” and an average price target of $73.00.

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.