PAR Technology (PAR) to Release Quarterly Earnings on Thursday

PAR Technology (NYSE:PAR) is scheduled to announce its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The company had revenue of $105.50 million for the quarter, compared to analyst estimates of $111.00 million. PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. On average, analysts expect PAR Technology to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $45.21 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.81 and a current ratio of 2.07. PAR Technology has a 1 year low of $28.21 and a 1 year high of $55.66. The firm’s 50-day simple moving average is $47.41 and its 200-day simple moving average is $45.53. The firm has a market cap of $1.54 billion, a PE ratio of -17.59 and a beta of 2.18.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PAR shares. Needham & Company LLC upped their price target on PAR Technology from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Stephens upgraded shares of PAR Technology from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Benchmark lifted their target price on PAR Technology from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.75.

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.