Zacks: Brokerages Anticipate PAR Technology Co. (NYSE:PAR) to Post -$0.70 EPS

Equities research analysts forecast that PAR Technology Co. (NYSE:PAR) will post earnings per share (EPS) of ($0.70) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for PAR Technology’s earnings. PAR Technology posted earnings per share of ($0.37) in the same quarter last year, which would suggest a negative year over year growth rate of 89.2%. The company is expected to report its next earnings results on Monday, March 21st.

According to Zacks, analysts expect that PAR Technology will report full year earnings of ($2.70) per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of ($2.27) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow PAR Technology.

PAR Technology (NYSE:PAR) last issued its earnings results on Tuesday, November 9th. The software maker reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.51). The business had revenue of $77.86 million for the quarter, compared to the consensus estimate of $71.69 million. PAR Technology had a negative net margin of 24.30% and a negative return on equity of 17.51%.

PAR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of PAR Technology from a “sell” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC initiated coverage on shares of PAR Technology in a research report on Monday, December 6th. They issued a “buy” rating and a $65.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $94.40.

Shares of PAR Technology stock traded down $2.16 on Friday, hitting $44.10. 527,524 shares of the company’s stock traded hands, compared to its average volume of 388,062. The firm’s 50-day moving average price is $55.47 and its two-hundred day moving average price is $61.39. The stock has a market capitalization of $1.18 billion, a PE ratio of -16.96 and a beta of 1.88. PAR Technology has a one year low of $43.72 and a one year high of $90.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.90 and a quick ratio of 4.34.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new position in PAR Technology in the 2nd quarter worth $170,987,000. Washington Harbour Partners LP acquired a new position in PAR Technology in the 3rd quarter worth $28,902,000. Capital Research Global Investors boosted its stake in PAR Technology by 12.4% in the 3rd quarter. Capital Research Global Investors now owns 2,977,367 shares of the software maker’s stock worth $183,138,000 after purchasing an additional 328,516 shares during the period. Reinhart Partners Inc. acquired a new position in PAR Technology in the 3rd quarter worth $20,089,000. Finally, Bamco Inc. NY boosted its stake in PAR Technology by 32.4% in the 3rd quarter. Bamco Inc. NY now owns 999,376 shares of the software maker’s stock worth $61,472,000 after purchasing an additional 244,417 shares during the period.

PAR Technology Company Profile

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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