PAR Technology (NYSE:PAR) Posts Earnings Results

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

PAR Technology Price Performance

NYSE PAR opened at $68.88 on Friday. The company has a 50-day moving average price of $70.50 and a 200-day moving average price of $65.35. PAR Technology has a 52 week low of $37.74 and a 52 week high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.67 billion, a P/E ratio of -275.50 and a beta of 2.22.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PAR shares. The Goldman Sachs Group raised their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Lake Street Capital raised their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a research report on Friday. Benchmark reissued a “buy” rating on shares of PAR Technology in a research report on Friday. Finally, Stephens reissued an “overweight” rating on shares of PAR Technology in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

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.