PAR Technology (NYSE:PAR) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

PAR Technology (NYSE:PAR - Get Free Report) posted its quarterly earnings results on Friday. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04, Briefing.com reports. The company had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.36) earnings per share.

PAR Technology Stock Performance

PAR Technology stock opened at $64.72 on Friday. PAR Technology has a fifty-two week low of $41.27 and a fifty-two week high of $82.24. The firm's fifty day moving average price is $59.24 and its 200-day moving average price is $67.12. The stock has a market cap of $2.62 billion, a P/E ratio of -258.87 and a beta of 1.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

Wall Street Analyst Weigh In

PAR has been the topic of a number of analyst reports. Craig Hallum reissued a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reiterated an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.86.

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.

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