PAR Technology (NYSE:PAR) Releases Earnings Results

PAR Technology (NYSE:PAR - Get Free Report) issued its earnings results on Friday. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17), Zacks reports. The firm had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm's quarterly revenue was up 50.2% on a year-over-year basis. During the same period last year, the firm posted ($0.33) earnings per share.

PAR Technology Stock Performance

Shares of NYSE:PAR traded up $1.57 during midday trading on Tuesday, hitting $65.96. The company had a trading volume of 636,128 shares, compared to its average volume of 494,783. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24. The company has a fifty day moving average of $69.98 and a two-hundred day moving average of $65.83. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -263.83 and a beta of 2.22. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

Analysts Set New Price Targets

PAR has been the subject of several recent analyst reports. StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Monday. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday. Benchmark reissued a "buy" rating on shares of PAR Technology in a report on Friday. Lake Street Capital boosted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.25.

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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.