NYSE:PSN

Parsons Stock Forecast, Price & News

$37.55
-0.98 (-2.54 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$37.48
$38.49
50-Day Range
$37.55
$40.69
52-Week Range
$30.08
$45.01
Volume352,314 shs
Average Volume422,776 shs
Market Capitalization$3.85 billion
P/E Ratio40.38
Dividend YieldN/A
Beta1.12
30 days | 90 days | 365 days | Advanced Chart
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About Parsons

Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and U.S. Department of Defense; technology services for complex energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for complex infrastructure; and 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.

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MarketRank

Overall MarketRank

1.75 out of 5 stars

Business Services Sector

209th out of 365 stocks

Computer Integrated Systems Design Industry

26th out of 37 stocks

Analyst Opinion: 2.0Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
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Parsons (NYSE:PSN) Frequently Asked Questions

Is Parsons a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Parsons stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSN, but not buy additional shares or sell existing shares.
View analyst ratings for Parsons
or view top-rated stocks.

What stocks does MarketBeat like better than Parsons?

Wall Street analysts have given Parsons a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parsons wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Parsons' next earnings date?

Parsons is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Parsons
.

How can I listen to Parsons' earnings call?

Parsons will be holding an earnings conference call on Wednesday, August 4th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "6787437".

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) posted its quarterly earnings results on Wednesday, May, 5th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.25 by $0.09. The business had revenue of $874.70 million for the quarter, compared to analysts' expectations of $921.96 million. Parsons had a net margin of 2.47% and a trailing twelve-month return on equity of 9.78%. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share.
View Parsons' earnings history
.

How has Parsons' stock price been impacted by COVID-19?

Parsons' stock was trading at $32.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PSN shares have increased by 16.4% and is now trading at $37.55.
View which stocks have been most impacted by COVID-19
.

What guidance has Parsons issued on next quarter's earnings?

Parsons updated its FY 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $3.85 billion-$4.05 billion, compared to the consensus revenue estimate of $3.95 billion.

What price target have analysts set for PSN?

4 Wall Street analysts have issued 12-month target prices for Parsons' stock. Their forecasts range from $33.00 to $70.00. On average, they anticipate Parsons' stock price to reach $45.75 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
View analysts' price targets for Parsons
or view top-rated stocks among Wall Street analysts.

Who are Parsons' key executives?

Parsons' management team includes the following people:
  • Mr. Charles L. Harrington, Exec. Chairman (Age 62, Pay $3.15M)
  • Ms. Carey A. Smith, Pres, CEO & Director (Age 57, Pay $1.74M)
  • Mr. George L. Ball, CFO & Exec. VP (Age 62, Pay $1.41M)
  • Mr. Michael R. Kolloway, Chief Legal Officer & Sec. (Age 60, Pay $1.04M)
  • Mr. Scott Carl, Chief Information Officer
  • Mr. David Spille, VP of Investor Relations
  • Mr. Jason Yaley, Chief Communications Officer
  • Mr. James R. Shappell, Vice Chairman, Managing Director of Saudi Arabian Parsons Ltd. and Saudi Arabia Country Mang.
  • Mr. Rick Henderson, Sr. VP and Middle East Africa Fin. Director
  • Mr. Jeffrey F. Squires, Sr. VP and Director of Strategic Planning & Regional Management

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 NVIDIA (NVDA), Square (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), The Boeing (BA), The Walt Disney (DIS), Marvell Technology (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).

When did Parsons IPO?

(PSN) raised $500 million in an IPO 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.

What is Parsons' stock symbol?

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

Who are Parsons' major shareholders?

Parsons' stock is owned by a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (0.76%), New York State Common Retirement Fund (0.62%), Chartwell Investment Partners LLC (0.52%), Granite Investment Partners LLC (0.12%), Cambiar Investors LLC (0.07%) and Zurcher Kantonalbank Zurich Cantonalbank (0.05%). Company insiders that own Parsons stock include Carey A Smith, Charles L Harrington, George L Ball, Harry T Mcmahon and Michael Richard Kolloway.
View institutional ownership trends for Parsons
.

Which institutional investors are selling Parsons stock?

PSN stock was sold by a variety of institutional investors in the last quarter, including Chartwell Investment Partners LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Arizona State Retirement System.
View insider buying and selling activity for Parsons
or view top insider-selling stocks.

Which institutional investors are buying Parsons stock?

PSN stock was bought by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Victory Capital Management Inc., Oppenheimer Asset Management Inc., Alliancebernstein L.P., Brookstone Capital Management, Advisor Group Holdings Inc., Integrated Investment Consultants LLC, and State of Alaska Department of Revenue. Company insiders that have bought Parsons stock in the last two years include Carey A Smith, Charles L Harrington, George L Ball, Harry T Mcmahon, and Michael Richard Kolloway.
View insider buying and selling activity for Parsons
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Parsons' stock price today?

One share of PSN stock can currently be purchased for approximately $37.55.

How much money does Parsons make?

Parsons has a market capitalization of $3.85 billion and generates $3.92 billion in revenue each year. The company earns $98.54 million in net income (profit) each year or $1.83 on an earnings per share basis.

How many employees does Parsons have?

Parsons employs 15,500 workers across the globe.

What is Parsons' official website?

The official website for Parsons is www.parsons.com.

Where are Parsons' headquarters?

Parsons is headquartered at 5875 TRINITY PKWY SUITE 300, CENTREVILLE VA, 20120.

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]


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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