PAR Technology Co. (NYSE:PAR) Expected to Announce Earnings of -$0.24 Per Share
Wall Street brokerages expect PAR Technology Co. (NYSE:PAR) to announce ($0.24) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for PAR Technology’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.24). PAR Technology reported earnings of ($0.06) per share during the same quarter last year, which would indicate a negative year over year growth rate of 300%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that PAR Technology will report full-year earnings of ($0.61) per share for the current year. For the next year, analysts expect that the firm will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.75) to ($0.32). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover PAR Technology.
PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%. The business had revenue of $44.25 million during the quarter, compared to analysts’ expectations of $48.05 million.
Shares of PAR traded up $0.42 during mid-day trading on Friday, hitting $25.69. The company’s stock had a trading volume of 91,241 shares, compared to its average volume of 208,721. The company’s 50-day moving average is $23.56 and its 200-day moving average is $25.04. PAR Technology has a 52-week low of $15.22 and a 52-week high of $29.77. The firm has a market capitalization of $405.14 million, a price-to-earnings ratio of -82.87 and a beta of -0.20. 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 announced an annual dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 1.31%.
In related news, Director John W. Sammon, Jr. sold 3,899 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $24.00, for a total transaction of $93,576.00. Following the completion of the sale, the director now owns 2,410,661 shares of the company’s stock, valued at $57,855,864. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Sammon, Jr. sold 5,660 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.29, for a total transaction of $131,821.40. Following the sale, the director now directly owns 2,463,544 shares of the company’s stock, valued at approximately $57,375,939.76. The disclosure for this sale can be found here. Insiders have sold 33,488 shares of company stock valued at $779,675 in the last three months. 30.00% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in shares of PAR Technology by 4,825.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock worth $58,000 after buying an additional 2,316 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of PAR Technology in the second quarter worth $47,000. CIBC Private Wealth Group LLC increased its stake in shares of PAR Technology by 5.4% in the second quarter. CIBC Private Wealth Group LLC now owns 78,000 shares of the software maker’s stock worth $2,200,000 after acquiring an additional 4,000 shares during the period. 3G Capital Partners LP acquired a new stake in PAR Technology during the second quarter valued at $5,149,000. Finally, Cadence Capital Management LLC acquired a new stake in PAR Technology during the second quarter valued at $2,750,000. 57.29% of the stock is owned by institutional investors.
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.
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