PAR Technology (NYSE:PAR) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

PAR Technology (NYSE:PAR) released its quarterly earnings results on Friday. The software maker reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17), Zacks reports. The business had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s revenue was up 50.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) earnings per share.

PAR Technology Trading Up 12.5 %

NYSE:PAR traded up $7.57 during mid-day trading on Friday, hitting $68.28. 541,111 shares of the company’s stock were exchanged, compared to its average volume of 480,286. PAR Technology has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.64 billion, a P/E ratio of -273.33 and a beta of 2.22. The company has a 50 day simple moving average of $70.50 and a 200-day simple moving average of $65.35.

Analysts Set New Price Targets

PAR has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating on shares of PAR Technology in a report on Friday. Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday. The Goldman Sachs Group boosted their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital raised their price objective on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

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.