Analysts expect that PAR Technology Co. (NYSE:PAR) will post sales of $74.95 million for the current quarter, Zacks reports. Two analysts have made estimates for PAR Technology’s earnings, with the highest sales estimate coming in at $76.30 million and the lowest estimate coming in at $73.59 million. PAR Technology posted sales of $58.52 million during the same quarter last year, which suggests a positive year over year growth rate of 28.1%. The firm is scheduled to issue its next quarterly earnings report on Monday, March 21st.
On average, analysts expect that PAR Technology will report full-year sales of $276.19 million for the current financial year, with estimates ranging from $274.87 million to $277.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $326.80 million, with estimates ranging from $322.50 million to $331.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover PAR Technology.
PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Tuesday, November 9th. The software maker reported ($1.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.51). PAR Technology had a negative return on equity of 17.51% and a negative net margin of 24.30%. The business had revenue of $77.86 million for the quarter, compared to analysts’ expectations of $71.69 million.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded PAR Technology from a “hold” rating to a “sell” rating in a research report on Friday, November 19th. Needham & Company LLC began coverage on PAR Technology in a research note on Monday, December 6th. They set a “buy” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PAR Technology currently has a consensus rating of “Buy” and a consensus target price of $94.40.
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Several large investors have recently added to or reduced their stakes in PAR. Rhumbline Advisers lifted its stake in shares of PAR Technology by 20.2% in the second quarter. Rhumbline Advisers now owns 22,938 shares of the software maker’s stock worth $1,604,000 after acquiring an additional 3,851 shares in the last quarter. Swiss National Bank lifted its stake in shares of PAR Technology by 1.5% in the second quarter. Swiss National Bank now owns 47,600 shares of the software maker’s stock worth $3,329,000 after acquiring an additional 700 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of PAR Technology by 16.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,860 shares of the software maker’s stock worth $130,000 after acquiring an additional 264 shares in the last quarter. Hancock Whitney Corp acquired a new position in shares of PAR Technology in the second quarter worth about $422,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of PAR Technology by 57.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 7,612 shares of the software maker’s stock worth $532,000 after acquiring an additional 2,785 shares in the last quarter. Institutional investors and hedge funds own 96.46% of the company’s stock.
PAR Technology stock opened at $47.30 on Friday. The stock has a 50-day moving average price of $57.29 and a 200 day moving average price of $62.17. PAR Technology has a 52 week low of $47.00 and a 52 week high of $90.35. The company has a quick ratio of 4.34, a current ratio of 4.90 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -18.19 and a beta of 1.88.
About PAR Technology
PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries.
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