PAR Technology (NYSE:PAR) Issues Earnings Results, Beats Estimates By $0.01 EPS

PAR Technology (NYSE:PAR) posted its quarterly earnings results on Friday. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01, Briefing.com reports. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same quarter in the previous year, the business earned ($0.35) EPS. The company’s quarterly revenue was down 9.6% compared to the same quarter last year.

PAR Technology Price Performance

Shares of PAR Technology stock traded up $0.91 on Monday, hitting $75.15. The company had a trading volume of 2,327,876 shares, compared to its average volume of 352,705. PAR Technology has a 52 week low of $33.13 and a 52 week high of $75.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The business has a 50-day simple moving average of $57.04 and a 200-day simple moving average of $51.02. The company has a market cap of $2.73 billion, a PE ratio of -300.63 and a beta of 2.14.

Analyst Ratings Changes

Several brokerages recently weighed in on PAR. Needham & Company LLC lifted their price target on PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Craig Hallum increased their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday. Finally, The Goldman Sachs Group upped their price target on shares of PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

About PAR Technology

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.