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$74.95 Million In Sales Expected For PAR Technology Co. (NYSE:PAR) This Quarter – MarketBeat

$7495-million-in-sales-expected-for-par-technology-co.-(nyse:par)-this-quarter-–-marketbeat
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PAR Technology logoAnalysts expect that PAR Technology Co. (NYSE:PAR) will post sales of $74.95 million for the current quarter, Zacks reports. Two analysts have made estimates for PAR Technology’s earnings, with the highest sales estimate coming in at $76.30 million and the lowest estimate coming in at $73.59 million. PAR Technology posted sales of $58.52 million during the same quarter last year, which suggests a positive year over year growth rate of 28.1%. The firm is scheduled to issue its next quarterly earnings report on Monday, March 21st.

On average, analysts expect that PAR Technology will report full-year sales of $276.19 million for the current financial year, with estimates ranging from $274.87 million to $277.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $326.80 million, with estimates ranging from $322.50 million to $331.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover PAR Technology.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Tuesday, November 9th. The software maker reported ($1.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.51). PAR Technology had a negative return on equity of 17.51% and a negative net margin of 24.30%. The business had revenue of $77.86 million for the quarter, compared to analysts’ expectations of $71.69 million.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded PAR Technology from a “hold” rating to a “sell” rating in a research report on Friday, November 19th. Needham & Company LLC began coverage on PAR Technology in a research note on Monday, December 6th. They set a “buy” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PAR Technology currently has a consensus rating of “Buy” and a consensus target price of $94.40.

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Several large investors have recently added to or reduced their stakes in PAR. Rhumbline Advisers lifted its stake in shares of PAR Technology by 20.2% in the second quarter. Rhumbline Advisers now owns 22,938 shares of the software maker’s stock worth $1,604,000 after acquiring an additional 3,851 shares in the last quarter. Swiss National Bank lifted its stake in shares of PAR Technology by 1.5% in the second quarter. Swiss National Bank now owns 47,600 shares of the software maker’s stock worth $3,329,000 after acquiring an additional 700 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of PAR Technology by 16.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,860 shares of the software maker’s stock worth $130,000 after acquiring an additional 264 shares in the last quarter. Hancock Whitney Corp acquired a new position in shares of PAR Technology in the second quarter worth about $422,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of PAR Technology by 57.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 7,612 shares of the software maker’s stock worth $532,000 after acquiring an additional 2,785 shares in the last quarter. Institutional investors and hedge funds own 96.46% of the company’s stock.

PAR Technology stock opened at $47.30 on Friday. The stock has a 50-day moving average price of $57.29 and a 200 day moving average price of $62.17. PAR Technology has a 52 week low of $47.00 and a 52 week high of $90.35. The company has a quick ratio of 4.34, a current ratio of 4.90 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -18.19 and a beta of 1.88.

About PAR Technology

PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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