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

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

Shares of PAR Technology stock traded up $3.76 during trading on Friday, reaching $29.14. The stock had a trading volume of 390,639 shares, compared to its average volume of 180,133. The company has a market capitalization of $423.12 million, a price-to-earnings ratio of -94.00 and a beta of -0.17. The stock has a fifty day moving average price of $24.04 and a two-hundred day moving average price of $25.02. PAR Technology has a 52 week low of $15.22 and a 52 week 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 also recently declared an annual dividend, which was paid on Friday, October 11th. Stockholders 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 dividend yield of 1.31%.

In related news, Director John W. Sammon, Jr. sold 16,202 shares of PAR Technology stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $23.17, for a total value of $375,400.34. Following the sale, the director now owns 2,562,518 shares of the company’s stock, valued at $59,373,542.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John W. Sammon, Jr. sold 3,531 shares of PAR Technology stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $23.64, for a total value of $83,472.84. Following the completion of the sale, the director now directly owns 2,195,910 shares in the company, valued at approximately $51,911,312.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,570 shares of company stock worth $2,470,714. Corporate insiders own 30.00% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine upgraded PAR Technology from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Zacks Investment Research upgraded PAR Technology from a “sell” rating to a “hold” rating in a report on Friday. Finally, Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $31.50.

About PAR Technology

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.

Further Reading: Gross Domestic Product (GDP)

Earnings History for PAR Technology (NYSE:PAR)

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