PAR Technology Co. Expected to Post Q2 2019 Earnings of ($0.13) Per Share (PAR)

PAR Technology Co. (NYSE:PAR) – Analysts at Jefferies Financial Group issued their Q2 2019 earnings estimates for PAR Technology in a report issued on Wednesday, May 15th. Jefferies Financial Group analyst S. Samana expects that the software maker will post earnings of ($0.13) per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $32.00 price target on the stock. Jefferies Financial Group also issued estimates for PAR Technology’s Q3 2019 earnings at ($0.19) EPS, Q4 2019 earnings at ($0.22) EPS, FY2019 earnings at ($0.66) EPS, Q1 2020 earnings at ($0.04) EPS, Q2 2020 earnings at ($0.08) EPS, Q3 2020 earnings at ($0.15) EPS, Q4 2020 earnings at ($0.14) EPS and FY2020 earnings at ($0.41) EPS.

PAR Technology (NYSE:PAR) last posted its earnings results on Monday, May 6th. The software maker reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. The firm had revenue of $44.68 million during the quarter, compared to analysts’ expectations of $45.94 million. PAR Technology had a negative return on equity of 13.55% and a negative net margin of 14.15%.

Several other research firms have also recently weighed in on PAR. Roth Capital assumed coverage on PAR Technology in a research note on Tuesday, February 5th. They set a “buy” rating and a $31.00 target price for the company. ValuEngine upgraded PAR Technology from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

PAR stock opened at $25.63 on Monday. The company has a market cap of $420.95 million, a P/E ratio of -82.68 and a beta of -0.05. PAR Technology has a fifty-two week low of $13.37 and a fifty-two week high of $28.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.19 and a quick ratio of 0.75.

A number of hedge funds have recently bought and sold shares of PAR. AQR Capital Management LLC purchased a new stake in PAR Technology in the third quarter valued at approximately $274,000. Wells Fargo & Company MN lifted its stake in PAR Technology by 37.9% in the third quarter. Wells Fargo & Company MN now owns 16,574 shares of the software maker’s stock valued at $368,000 after buying an additional 4,553 shares during the last quarter. Teachers Advisors LLC lifted its stake in PAR Technology by 87.4% in the third quarter. Teachers Advisors LLC now owns 26,016 shares of the software maker’s stock valued at $578,000 after buying an additional 12,130 shares during the last quarter. BlackRock Inc. lifted its stake in PAR Technology by 0.6% in the fourth quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after buying an additional 4,803 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in PAR Technology by 52.6% in the fourth quarter. Rhumbline Advisers now owns 14,297 shares of the software maker’s stock valued at $311,000 after buying an additional 4,927 shares during the last quarter. Hedge funds and other institutional investors own 47.83% of the company’s stock.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.

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Earnings History and Estimates for PAR Technology (NYSE:PAR)

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