Parsons (PSN) to Release Earnings on Wednesday

Parsons (NYSE:PSN - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $1.63 billion for the quarter.

Parsons Stock Down 0.3 %

Parsons stock traded down $0.20 during midday trading on Monday, hitting $67.41. The stock had a trading volume of 357,031 shares, compared to its average volume of 1,475,575. The company has a current ratio of 1.29, a quick ratio of 1.55 and a debt-to-equity ratio of 0.31. The stock has a market cap of $7.20 billion, a P/E ratio of 88.70, a P/E/G ratio of 0.93 and a beta of 0.66. Parsons has a 12 month low of $54.56 and a 12 month high of $114.68. The business has a fifty day moving average price of $60.91 and a 200 day moving average price of $83.14.

Parsons announced that its board has authorized a stock repurchase program on Monday, March 24th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PSN shares. The Goldman Sachs Group cut their price target on Parsons from $109.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group cut their target price on Parsons from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Bank of America lowered their price objective on shares of Parsons from $130.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. KeyCorp reduced their target price on Parsons from $76.00 to $73.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, TD Cowen lowered Parsons from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Parsons currently has an average rating of "Moderate Buy" and a consensus price target of $93.60.

About Parsons

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.