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Parsons Stock Price, Forecast & Analysis (NYSE:PSN)

$38.93
+0.91 (+2.39 %)
(As of 11/18/2019 06:59 AM ET)
Today's Range
$38.00
Now: $38.93
$39.27
50-Day Range
$31.76
MA: $34.35
$38.97
52-Week Range
$29.03
Now: $38.93
$39.28
Volume248,390 shs
Average Volume248,261 shs
Market Capitalization$3.86 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
Book Value($9.90) per share

Profitability

Net Income$222.34 million

Miscellaneous

Employees15,633
Market Cap$3.86 billion
Next Earnings Date2/11/2020 (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) issued its quarterly earnings results on Tuesday, November, 12th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.15. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Parsons had a net margin of 2.97% and a negative return on equity of 11.53%. Parsons's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. View Parsons' Earnings History.

When is Parsons' next earnings date?

Parsons is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Parsons.

What price target have analysts set for PSN?

10 brokerages have issued twelve-month price targets for Parsons' shares. Their forecasts range from $36.00 to $44.00. On average, they expect Parsons' share price to reach $39.50 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets for Parsons.

What is the consensus analysts' recommendation for Parsons?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Parsons.

Has Parsons been receiving favorable news coverage?

Media stories about PSN stock have been trending very negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Parsons earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View News Stories for Parsons.

Are investors shorting Parsons?

Parsons saw a drop in short interest in October. As of October 31st, there was short interest totalling 705,800 shares, a drop of 22.3% from the September 30th total of 908,400 shares. Based on an average daily trading volume, of 312,800 shares, the short-interest ratio is currently 2.3 days. Currently, 0.7% of the shares of the company are short sold. View Parsons' Current Options Chain.

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 Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA), Home Depot (HD), Square (SQ), CVS Health (CVS), Verizon Communications (VZ), QUALCOMM (QCOM), Walt Disney (DIS) and Thermo Fisher Scientific (TMO).

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 a price of $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 Parsons' lock-up period expire?

Parsons' lock-up period expired on Monday, November 4th. Parsons had issued 18,518,500 shares in its initial public offering 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 company insiders and major shareholders 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 variety of of institutional and retail investors. Top institutional shareholders include TimesSquare Capital Management LLC (1.03%), Roubaix Capital LLC (0.14%), Cambiar Investors LLC (0.07%), California Public Employees Retirement System (0.04%), Cambridge Investment Research Advisors Inc. (0.02%) and Rhumbline Advisers (0.02%). View Institutional Ownership Trends for Parsons.

Which major investors are selling Parsons stock?

PSN stock was sold by a variety of institutional investors in the last quarter, including Roubaix Capital LLC, Stephens Inc. AR, Cambiar Investors LLC and Creative Planning. View Insider Buying and Selling for Parsons.

Which major investors are buying Parsons stock?

PSN stock was purchased by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, California Public Employees Retirement System, Cambridge Investment Research Advisors Inc., Envestnet Asset Management Inc., Oliver Luxxe Assets LLC, Brinker Capital Inc., Boenning & Scattergood Inc. and Canton Hathaway 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 $38.93.

How big of a company is Parsons?

Parsons has a market capitalization of $3.86 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:  2.6 out of 5 (star star)
Outperform Votes:  48 (Vote Outperform)
Underperform Votes:  43 (Vote Underperform)
Total Votes:  91
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 11/18/2019 by MarketBeat.com Staff

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