NYSE:PSN - Parsons Stock Price, News, & Analysis

$37.06
+0.31 (+0.84 %)
(As of 06/27/2019 04:19 AM ET)
Today's Range
$35.98
Now: $37.06
$37.07
50-Day Range
$30.33
MA: $32.56
$37.95
52-Week Range
$29.03
Now: $37.06
$38.33
Volume725,870 shs
Average Volume797,022 shs
Market Capitalization$3.69 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates in two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity software and engineering services, hardware prototyping, and other technical services to the U.S. Army and the United States intelligence community; ThunderRidge, a tool that assists cyber operational users to develop action plans, assess cyber threats, and disseminate situational awareness in real-time; and geospatial intelligence, big data analytics, and threat mitigation technology services to the defense, intelligence, space and command, control, communications, computer, cyber, intelligence, surveillance, and reconnaissance. It also provides mission planning for space situational awareness, small satellite systems integration, electronic warfare, directed energy modeling and simulation, and command and control systems and support to the Missile Defense Agency, the U.S. Air Force, and the U.S. Army; converged cyber-physical solutions for critical infrastructure, and global military mission readiness and training services to the Federal Aviation Administration and the U.S. Army; and technology services for advanced energy production systems, healthcare systems, environmental systems, and related infrastructure. In addition, the company offers intelligent transportation system management, train controls integration, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for complex infrastructure, including bridges and tunnels, roads and highways, airports, and rail and transit; and engineering, program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
CIKN/A
Phone703-988-8500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.56 billion

Profitability

Miscellaneous

Employees15,633
Market Cap$3.69 billion
Next Earnings Date8/16/2019 (Estimated)
OptionableNot Optionable

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Parsons (NYSE:PSN) Frequently Asked Questions

What is Parsons' stock symbol?

Parsons trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSN."

How were Parsons' earnings last quarter?

Parsons Corp (NYSE:PSN) announced its quarterly earnings results on Saturday, May, 18th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.44. The company earned $904.41 million during the quarter, compared to the consensus estimate of $884.47 million. View Parsons' Earnings History.

When is Parsons' next earnings date?

Parsons is scheduled to release their next quarterly earnings announcement on Friday, August 16th 2019. View Earnings Estimates for Parsons.

What price target have analysts set for PSN?

7 brokers have issued 1 year target prices for Parsons' stock. Their forecasts range from $35.00 to $43.00. On average, they anticipate Parsons' stock price to reach $37.3333 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for Parsons.

What is the consensus analysts' recommendation for Parsons?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Parsons.

Has Parsons been receiving favorable news coverage?

Press coverage about PSN stock has trended neutral this week, InfoTrie reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Parsons earned a coverage optimism score of 0.5 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Parsons.

Who are some of Parsons' key competitors?

What other stocks do shareholders of Parsons own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Parsons investors own include Square (SQ), Alibaba Group (BABA), Advanced Micro Devices (AMD), NVIDIA (NVDA), Wix.Com (WIX), Nokia Oyj (NOK), Axon Enterprise (AAXN), Coupa Software (COUP), Cree (CREE) and Cronos Group (CRON).

Who are Parsons' key executives?

Parsons' management team includes the folowing people:
  • Mr. Charles L. Harrington, Chairman, CEO & Pres (Age 60)
  • Mr. George L. Ball, CFO & Exec. VP (Age 60)
  • Ms. Carey A. Smith, Chief Operating Officer (Age 55)
  • Mr. Scott Carl, Chief Information Officer
  • Mr. Adam W. Taylor, Chief Transformation & Admin. Officer (Age 40)

When did Parsons IPO?

(PSN) raised $500 million in an initial public offering on Wednesday, May 8th 2019. The company issued 18,500,000 shares at $26.00-$28.00 per share. Goldman Sachs, BofA Merrill Lynch and Morgan Stanley served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank were co-managers.

When did the company's quiet period expire?

Parsons' quiet period expired on Monday, June 17th. Parsons had issued 18,518,500 shares in its public offering on May 8th. The total size of the offering was $499,999,500 based on an initial share price of $27.00. During the company's quiet period, insiders and underwriters that worked on the IPO were restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

How do I buy shares of Parsons?

Shares of PSN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Parsons' stock price today?

One share of PSN stock can currently be purchased for approximately $37.06.

How big of a company is Parsons?

Parsons has a market capitalization of $3.69 billion and generates $3.56 billion in revenue each year. Parsons employs 15,633 workers across the globe.View Additional Information About Parsons.

What is Parsons' official website?

The official website for Parsons is http://www.parsons.com/.

How can I contact Parsons?

Parsons' mailing address is 5875 TRINITY PKWY SUITE 300, CENTREVILLE VA, 20120. The company can be reached via phone at 703-988-8500 or via email at [email protected]


MarketBeat Community Rating for Parsons (NYSE PSN)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  10 (Vote Outperform)
Underperform Votes:  12 (Vote Underperform)
Total Votes:  22
MarketBeat's community ratings are surveys of what our community members think about Parsons and other stocks. Vote "Outperform" if you believe PSN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/27/2019 by MarketBeat.com Staff

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