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
CIKN/A
Phone703-988-8500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.56 billion
Profitability
Miscellaneous
Employees15,633
Next Earnings Date2/11/2020 (Estimated)
OptionableNot Optionable
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 earnings results on Tuesday, November, 12th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.15. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Parsons had a net margin of 2.97% and a negative return on equity of 11.53%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. View Parsons' Earnings History.
When is Parsons' next earnings date?
What price target have analysts set for PSN?
7 analysts have issued 1-year price objectives for Parsons' stock. Their forecasts range from $36.00 to $44.00. On average, they expect Parsons' stock price to reach $39.50 in the next year. This suggests that the stock has a possible downside of 1.8%. 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?
News coverage about PSN stock has been trending somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Parsons earned a news impact score of 1.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Parsons.
Are investors shorting Parsons?
Parsons saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 705,800 shares, a decline of 22.3% from the October 31st total of 908,400 shares. Based on an average daily volume of 312,800 shares, the short-interest ratio is currently 2.3 days. Approximately 0.7% of the company's shares are sold short. View Parsons' Current Options Chain.
Who are some of Parsons' key competitors?
Some companies that are related to Parsons include Leidos (LDOS), Godaddy (GDDY), Jack Henry & Associates (JKHY), Open Text (OTEX), Altaba (AABA), Caci International (CACI), Science Applications International (SAIC), Verint Systems (VRNT), Scientific Games (SGMS), NetScout Systems (NTCT), Allscripts Healthcare Solutions (MDRX), Sykes Enterprises (SYKE), Nextgen Healthcare (NXGN), Ebix (EBIX) and Unisys (UIS).
What other stocks do shareholders of Parsons own?
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 (IPO) on Wednesday, May 8th 2019. The company issued 18,500,000 shares at a price of $26.00-$28.00 per share. Goldman Sachs, BofA Merrill Lynch and Morgan Stanley acted 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 lock-up period expire?
Parsons' lock-up period expired on Monday, November 4th. Parsons had issued 18,518,500 shares in its IPO on May 8th. The total size of the offering was $499,999,500 based on an initial share price of $27.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the expiration of the lock-up period.
Who are Parsons' major shareholders?
Parsons' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (1.28%), TimesSquare Capital Management LLC (1.03%), Roubaix Capital LLC (0.14%), Cambiar Investors LLC (0.07%), Man Group plc (0.05%) and California Public Employees Retirement System (0.04%). 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 Roubaix Capital LLC, Stifel Financial Corp, Stephens Inc. AR, Cambiar Investors LLC, Barclays PLC and Creative Planning. View Insider Buying and Selling for Parsons.
Which institutional investors are buying Parsons stock?
PSN stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, TimesSquare Capital Management LLC, Man Group plc, California Public Employees Retirement System, Cambridge Investment Research Advisors Inc., Envestnet Asset Management Inc., Millennium Management LLC and Oliver Luxxe Assets LLC. View Insider Buying and Selling for Parsons.
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, Robinhood, Fidelity and Charles Schwab.
What is Parsons' stock price today?
One share of PSN stock can currently be purchased for approximately $40.23.
How big of a company is Parsons?
What is Parsons' official website?
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)
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.
