PAR Technology (NYSE:PAR) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

PAR Technology (NYSE:PAR) released its quarterly earnings data on Thursday. The software maker reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.15), Fidelity Earnings reports. PAR Technology had a negative net margin of 14.68% and a negative return on equity of 19.16%. The business had revenue of $45.38 million during the quarter, compared to analyst estimates of $45.08 million.

PAR traded up $3.76 during trading on Friday, hitting $29.14. The stock had a trading volume of 390,639 shares, compared to its average volume of 180,133. The firm has a market cap of $423.12 million, a PE ratio of -94.00 and a beta of -0.17. PAR Technology has a 12 month low of $15.22 and a 12 month high of $29.87. The company has a current ratio of 3.76, a quick ratio of 3.09 and a debt-to-equity ratio of 1.10. The company has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $25.02.

The company also recently announced an annual dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 1.31%.

Several research firms recently issued reports on PAR. Zacks Investment Research raised shares of PAR Technology from a “sell” rating to a “hold” rating in a research note on Friday. Sidoti raised shares of PAR Technology from a “neutral” rating to a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine raised shares of PAR Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. PAR Technology currently has a consensus rating of “Buy” and an average target price of $31.50.

In related news, Director John W. Sammon, Jr. sold 15,152 shares of PAR Technology stock in a transaction on Friday, October 11th. The shares were sold at an average price of $23.02, for a total value of $348,799.04. Following the transaction, the director now owns 2,280,349 shares in the company, valued at approximately $52,493,633.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John W. Sammon, Jr. sold 1,354 shares of PAR Technology stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $23.01, for a total transaction of $31,155.54. Following the completion of the transaction, the director now owns 2,524,153 shares in the company, valued at approximately $58,080,760.53. The disclosure for this sale can be found here. Insiders sold a total of 106,570 shares of company stock worth $2,470,714 in the last quarter. Insiders own 30.00% 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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Earnings History for PAR Technology (NYSE:PAR)

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