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NYSE:PSN

Parsons Stock Forecast, Price & News

$33.89
+1.19 (+3.64 %)
(As of 12/1/2020 12:00 AM ET)
Add
Compare
Today's Range
$32.74
Now: $33.89
$34.11
50-Day Range
$30.33
MA: $32.37
$34.07
52-Week Range
$24.67
Now: $33.89
$45.40
Volume540,781 shs
Average Volume380,063 shs
Market Capitalization$3.41 billion
P/E Ratio31.67
Dividend YieldN/A
Beta1.11
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, 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 engineering, program management, systems engineering, and environmental solutions to private-sector industrial clients and public utilities. It has a strategic partnership with Neology, Inc. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 out of 5 stars


Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone703-988-8500
Employees15,879

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.95 billion
Cash Flow$2.69 per share
Book Value$16.73 per share

Profitability

Net Income$120.53 million

Miscellaneous

Market Cap$3.41 billion
Next Earnings Date3/9/2021 (Estimated)
OptionableNot Optionable
$33.89
+1.19 (+3.64 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Parsons (NYSE:PSN) Frequently Asked Questions

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

Parsons' stock was trading at $32.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PSN stock has increased by 5.0% and is now trading at $33.89.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Parsons?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Parsons
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Parsons?

Wall Street analysts have given Parsons a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Parsons wasn't one of them. MarketBeat thinks these five stocks 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 Tuesday, March 9th 2021.
View our earnings forecast for Parsons
.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) issued its quarterly earnings results on Monday, November, 9th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.14. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Parsons had a return on equity of 16.48% and a net margin of 2.66%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share.
View Parsons' earnings history
.

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

Parsons issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, November, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.95-4.05 billion, compared to the consensus revenue estimate of $4.01 billion.

What price target have analysts set for PSN?

6 equities research analysts have issued twelve-month price targets for Parsons' shares. Their forecasts range from $39.00 to $43.00. On average, they anticipate Parsons' stock price to reach $40.25 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
View analysts' price targets 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 NVIDIA (NVDA), Square (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), The Boeing (BA), The Walt Disney (DIS), Marvell Technology Group (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).

Who are Parsons' key executives?

Parsons' management team includes the following people:
  • Mr. Charles L. Harrington, Chairman & CEO (Age 61, Pay $2.44M)
  • Ms. Carey A. Smith, Pres & COO (Age 56, Pay $1.17M)
  • Mr. George L. Ball, CFO & Exec. VP (Age 61, Pay $1.04M)
  • Mr. Michael R. Kolloway, Chief Legal Officer & Sec. (Age 59, Pay $750.56k)
  • Mr. Scott Carl, Chief Information Officer
  • Mr. David Spille, VP of Investor Relations
  • Ms. Debra A. Fiori, Chief People Officer
  • Mr. James R. Shappell, Vice Chairman, Managing Director of Saudi Arabian Parsons Ltd. and Saudi Arabia Country Mang.
  • Ms. Virginia L. Grebbien, Chief Corp. Affairs Officer
  • Mr. Rick Henderson, Sr. VP and Middle East Africa Fin. Director

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.

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 shareholders include Newport Trust Co (75.60%), BlackRock Inc. (1.74%), Wells Fargo & Company MN (1.47%), Federated Hermes Inc. (1.19%), State Street Corp (1.17%) and Alkeon Capital Management LLC (1.04%). 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 Newport Trust Co, Allianz Asset Management GmbH, BlackRock Inc., State Street Corp, Victory Capital Management Inc., Schonfeld Strategic Advisors LLC, Schonfeld Strategic Advisors LLC, and First Trust Advisors LP.
View insider buying and selling activity for Parsons
.

Which institutional investors are buying Parsons stock?

PSN stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Chartwell Investment Partners LLC, Wells Fargo & Company MN, Hillcrest Asset Management LLC, Fort Washington Investment Advisors Inc. OH, Point72 Asset Management L.P., Arrowstreet Capital Limited Partnership, and SG Americas Securities LLC. 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
.

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 $33.89.

How big of a company is Parsons?

Parsons has a market capitalization of $3.41 billion and generates $3.95 billion in revenue each year. The company earns $120.53 million in net income (profit) each year or $1.46 on an earnings per share basis. Parsons employs 15,879 workers across the globe.

What is Parsons' official website?

The official website for Parsons is 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]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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