Equities research analysts predict that PAR Technology Co. (NYSE:PAR) will report $48.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for PAR Technology’s earnings, with the highest sales estimate coming in at $48.88 million and the lowest estimate coming in at $47.21 million. PAR Technology posted sales of $52.57 million in the same quarter last year, which suggests a negative year over year growth rate of 8.6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that PAR Technology will report full year sales of $195.69 million for the current year, with estimates ranging from $194.75 million to $196.63 million. For the next fiscal year, analysts expect that the firm will report sales of $217.70 million, with estimates ranging from $217.30 million to $218.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover PAR Technology.
PAR Technology (NYSE:PAR) last announced its earnings results on Monday, May 6th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business had revenue of $44.68 million for the quarter, compared to analyst estimates of $45.94 million. PAR Technology had a negative net margin of 14.15% and a negative return on equity of 13.55%.
PAR opened at $26.21 on Wednesday. The firm has a market capitalization of $422.41 million, a price-to-earnings ratio of -84.55 and a beta of -0.23. PAR Technology has a twelve month low of $15.22 and a twelve month high of $29.77. The stock’s 50-day simple moving average is $26.72. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.05.
A number of large investors have recently bought and sold shares of PAR. BlackRock Inc. raised its stake in shares of PAR Technology by 0.6% in the 4th quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after acquiring an additional 4,803 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of PAR Technology by 4,825.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock valued at $58,000 after acquiring an additional 2,316 shares during the period. Wedbush Securities Inc. raised its stake in shares of PAR Technology by 6.4% in the 1st quarter. Wedbush Securities Inc. now owns 371,879 shares of the software maker’s stock valued at $9,096,000 after acquiring an additional 22,247 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of PAR Technology in the 4th quarter valued at approximately $117,000. Finally, Bank of New York Mellon Corp raised its stake in shares of PAR Technology by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 33,848 shares of the software maker’s stock valued at $737,000 after acquiring an additional 3,789 shares during the period. Institutional investors own 47.20% of the company’s stock.
PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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