-$0.47 EPS Expected for PAR Technology Co. (NYSE:PAR) This Quarter

Equities research analysts expect PAR Technology Co. (NYSE:PAR) to post earnings per share (EPS) of ($0.47) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for PAR Technology’s earnings. PAR Technology reported earnings per share of ($0.24) in the same quarter last year, which suggests a negative year over year growth rate of 95.8%. The firm is expected to announce its next earnings results on Friday, August 6th.

On average, analysts expect that PAR Technology will report full-year earnings of ($1.75) per share for the current financial year. For the next year, analysts expect that the firm will post earnings of ($1.53) per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover PAR Technology.

PAR Technology (NYSE:PAR) last posted its earnings results on Sunday, May 9th. The software maker reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.15). The company had revenue of $54.47 million for the quarter, compared to the consensus estimate of $59.08 million. PAR Technology had a negative net margin of 15.89% and a negative return on equity of 18.42%.

Several research firms have recently commented on PAR. Jefferies Financial Group upped their target price on PAR Technology from $75.00 to $90.00 and gave the company a “buy” rating in a report on Friday, April 9th. BTIG Research increased their price objective on PAR Technology from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 8th. Zacks Investment Research lowered PAR Technology from a “hold” rating to a “sell” rating in a report on Wednesday, May 26th. Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $107.00 in a report on Tuesday, March 16th. Finally, Craig Hallum increased their price objective on PAR Technology from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. PAR Technology currently has a consensus rating of “Buy” and an average target price of $92.00.

Shares of NYSE:PAR traded up $2.43 during trading on Thursday, hitting $73.81. 202,336 shares of the company traded hands, compared to its average volume of 293,229. The company has a market capitalization of $1.92 billion, a PE ratio of -44.20 and a beta of 1.89. The stock has a fifty day simple moving average of $70.23. PAR Technology has a one year low of $27.77 and a one year high of $90.35. The company has a quick ratio of 4.87, a current ratio of 5.43 and a debt-to-equity ratio of 0.60.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in PAR Technology in the first quarter worth approximately $238,000. Greenhaven Road Investment Management L.P. lifted its position in PAR Technology by 3.7% in the first quarter. Greenhaven Road Investment Management L.P. now owns 976,133 shares of the software maker’s stock worth $63,849,000 after purchasing an additional 34,725 shares during the period. Squarepoint Ops LLC lifted its position in PAR Technology by 63.4% in the first quarter. Squarepoint Ops LLC now owns 38,904 shares of the software maker’s stock worth $2,545,000 after purchasing an additional 15,096 shares during the period. Millennium Management LLC acquired a new stake in PAR Technology in the first quarter worth approximately $2,331,000. Finally, Voloridge Investment Management LLC acquired a new stake in PAR Technology in the first quarter worth approximately $894,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides point-of-sale (POS) solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers POS technology solutions, including Brink POS, an open solution that integrates with third party products and in-house systems; PixelPoint, an on-premise integrated software solution that provides a self-service ordering, back-office management, and enterprise level loyalty and gift card information sharing services; PAR merchant card payment services; Data Central, a cloud software platform of back-office applications; and PAR EverServ POS platforms.

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