PAR Technology (PAR) Set to Announce Earnings on Thursday

PAR Technology (NYSE:PAR) will be issuing 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PAR Technology (NYSE:PAR) last announced its earnings results 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 business had revenue of $105.50 million for the quarter, compared to analysts’ expectations 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 Price Performance

PAR Technology stock opened at $45.21 on Wednesday. The company’s 50 day moving average is $47.41 and its two-hundred day 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. The company has a quick ratio of 1.81, a current ratio of 2.07 and a debt-to-equity ratio of 0.72. PAR Technology has a 52-week low of $28.21 and a 52-week high of $55.66.

Analyst Upgrades and Downgrades

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

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.