PAR Technology (PAR) to Release Quarterly Earnings on Thursday

PAR Technology (NYSE:PAR) is scheduled to 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) 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 Stock Up 0.5 %

NYSE PAR opened at $44.90 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.96 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -17.75 and a beta of 2.00. The company has a 50 day moving average of $42.86 and a 200-day moving average of $41.52. PAR Technology has a 1-year low of $24.76 and a 1-year high of $49.84.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, March 12th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, March 12th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, March 7th. Benchmark initiated coverage on shares of PAR Technology in a research note on Tuesday, February 13th. They issued a “hold” rating on the stock. Finally, TheStreet upgraded PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.57.

Insiders Place Their Bets

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

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.