Brokerages Expect PAR Technology Co. (NYSE:PAR) Will Post Quarterly Sales of $45.08 Million

Analysts predict that PAR Technology Co. (NYSE:PAR) will announce $45.08 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for PAR Technology’s earnings. The lowest sales estimate is $44.84 million and the highest is $45.32 million. PAR Technology reported sales of $46.36 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that PAR Technology will report full year sales of $185.02 million for the current year, with estimates ranging from $182.41 million to $187.64 million. For the next year, analysts forecast that the company will post sales of $219.43 million, with estimates ranging from $203.55 million to $235.30 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow PAR Technology.

PAR Technology (NYSE:PAR) last posted its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The business had revenue of $44.25 million during the quarter, compared to analysts’ expectations of $48.05 million. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%.

Several research firms have recently weighed in on PAR. Zacks Investment Research downgraded shares of PAR Technology from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine downgraded shares of PAR Technology from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.50.

In related news, Director John W. Sammon, Jr. sold 1,354 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $23.01, for a total transaction of $31,155.54. Following the completion of the transaction, the director now owns 2,524,153 shares of the company’s stock, valued at $58,080,760.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John W. Sammon, Jr. sold 16,202 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $23.17, for a total transaction of $375,400.34. Following the transaction, the director now directly owns 2,562,518 shares of the company’s stock, valued at approximately $59,373,542.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,488 shares of company stock valued at $779,675. 30.00% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in PAR Technology by 121.2% during the fourth quarter. Bank of America Corp DE now owns 6,740 shares of the software maker’s stock valued at $147,000 after purchasing an additional 3,693 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in PAR Technology by 4,825.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock valued at $58,000 after purchasing an additional 2,316 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in PAR Technology during the first quarter valued at approximately $1,810,000. Steward Partners Investment Advisory LLC bought a new stake in PAR Technology during the second quarter valued at approximately $47,000. Finally, PenderFund Capital Management Ltd. bought a new stake in PAR Technology during the second quarter valued at approximately $3,645,000. 57.29% of the stock is owned by institutional investors.

Shares of PAR traded up $0.42 during trading hours on Friday, hitting $25.69. The company’s stock had a trading volume of 91,241 shares, compared to its average volume of 208,721. The company has a market cap of $405.14 million, a price-to-earnings ratio of -82.87 and a beta of -0.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.76 and a quick ratio of 3.09. The business has a 50 day simple moving average of $23.56 and a two-hundred day simple moving average of $25.04. PAR Technology has a 52-week low of $15.22 and a 52-week high of $29.77.

The firm also recently announced an annual dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 1.31%.

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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