PAR Technology (PAR) Set to Announce Quarterly Earnings on Friday

PAR Technology (NYSE:PAR - Get Free Report) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

PAR Technology (NYSE:PAR - Get Free Report) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $78.20 million for the quarter, compared to the consensus estimate of $115.14 million. During the same period in the prior year, the business earned ($0.65) EPS. The company's quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts expect PAR Technology to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PAR Technology Price Performance

NYSE PAR traded up $2.40 on Friday, reaching $61.39. The company's stock had a trading volume of 470,481 shares, compared to its average volume of 334,886. PAR Technology has a twelve month low of $30.24 and a twelve month high of $62.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The firm's 50 day moving average is $55.74 and its two-hundred day moving average is $49.89. The stock has a market cap of $2.23 billion, a PE ratio of -237.88 and a beta of 2.16.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of PAR Technology from $52.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. StockNews.com raised PAR Technology to a "sell" rating in a research note on Wednesday, September 18th. Needham & Company LLC boosted their target price on PAR Technology from $60.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Jefferies Financial Group upgraded PAR Technology from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Finally, Benchmark reissued a "buy" rating and issued a $69.00 target price on shares of PAR Technology in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.17.

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.