Brokerages Anticipate PAR Technology Co. (NYSE:PAR) to Announce -$0.12 Earnings Per Share

Equities research analysts expect that PAR Technology Co. (NYSE:PAR) will report earnings of ($0.12) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for PAR Technology’s earnings, with estimates ranging from ($0.13) to ($0.11). PAR Technology posted earnings of ($0.04) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that PAR Technology will report full year earnings of ($0.66) per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of ($0.32) per share, with EPS estimates ranging from ($0.41) to ($0.22). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for PAR Technology.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Monday, May 6th. The software maker reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $44.68 million during the quarter, compared to the consensus estimate of $45.94 million. PAR Technology had a negative net margin of 14.15% and a negative return on equity of 13.55%.

A number of brokerages recently commented on PAR. Jefferies Financial Group restated a “buy” rating and issued a GBX 635 ($8.30) price objective on shares of Meggitt in a research report on Wednesday, May 15th. Sidoti began coverage on shares of PAR Technology in a research report on Tuesday, June 25th. They issued a “neutral” rating for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. PAR Technology presently has an average rating of “Buy” and a consensus target price of $31.50.

NYSE:PAR traded down $0.51 during mid-day trading on Friday, reaching $26.39. The stock had a trading volume of 4,201 shares, compared to its average volume of 140,816. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.05. The stock has a market cap of $436.55 million, a price-to-earnings ratio of -87.08 and a beta of -0.18. PAR Technology has a twelve month low of $15.22 and a twelve month high of $29.77. The firm’s 50 day moving average price is $27.73.

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of PAR Technology by 4,825.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock valued at $58,000 after acquiring an additional 2,316 shares during the period. Bank of America Corp DE boosted its position in PAR Technology by 121.2% during the 4th quarter. Bank of America Corp DE now owns 6,740 shares of the software maker’s stock worth $147,000 after purchasing an additional 3,693 shares during the period. Bank of New York Mellon Corp boosted its position in PAR Technology by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 33,848 shares of the software maker’s stock worth $737,000 after purchasing an additional 3,789 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of PAR Technology in the fourth quarter valued at approximately $86,000. Finally, BlackRock Inc. boosted its holdings in PAR Technology by 0.6% during the fourth quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock worth $16,246,000 after buying an additional 4,803 shares in the last quarter. Institutional investors own 47.20% of the company’s stock.

About PAR Technology

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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