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

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

PAR Technology Stock Up 13.5 %

Shares of NYSE:PAR opened at $68.88 on Friday. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24. The company’s 50-day moving average price is $70.35 and its two-hundred day moving average price is $65.47. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.67 billion, a P/E ratio of -275.50 and a beta of 2.22.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. Lake Street Capital increased their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research note on Friday. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

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.