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NYSE:PSN - Parsons Stock Price, Forecast & News

$42.87
+0.11 (+0.26 %)
(As of 01/24/2020 09:14 AM ET)
Today's Range
$42.70
Now: $42.87
$43.48
50-Day Range
$39.86
MA: $41.78
$43.52
52-Week Range
$29.03
Now: $42.87
$43.85
Volume243,841 shs
Average Volume211,647 shs
Market Capitalization$4.26 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

Net Income$222.34 million

Miscellaneous

Employees15,633
Market Cap$4.26 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 data 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 firm earned $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Parsons had a negative return on equity of 11.53% and a net margin of 2.97%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last 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?

8 equities research analysts have issued 1-year price objectives for Parsons' stock. Their forecasts range from $36.00 to $44.00. On average, they anticipate Parsons' share price to reach $41.00 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View Analyst Price Targets for Parsons.

What is the consensus analysts' recommendation for Parsons?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Parsons.

Has Parsons been receiving favorable news coverage?

Media headlines about PSN stock have been trending very positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. 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 3.9 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Parsons.

Are investors shorting Parsons?

Parsons saw a decrease in short interest in December. As of December 31st, there was short interest totalling 605,500 shares, a decrease of 18.3% from the December 15th total of 741,500 shares. Based on an average daily trading volume, of 258,700 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.6% of the company's stock 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 Square (SQ), NVIDIA (NVDA), Alibaba Group (BABA), Roku (ROKU), Walt Disney (DIS), Advanced Micro Devices (AMD), Cisco Systems (CSCO), AbbVie (ABBV), Boeing (BA) and LYFT (LYFT).

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 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 acted as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank were co-managers.

Who are Parsons' major shareholders?

Parsons' stock is owned by many different of institutional and retail investors. Top institutional investors include Benin Management CORP (0.02%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%), Boenning & Scattergood Inc. (0.01%) and Canton Hathaway LLC (0.01%). 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 Boenning & Scattergood Inc. and Canton Hathaway LLC. 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 Zurcher Kantonalbank Zurich Cantonalbank and Benin Management CORP. 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 $42.87.

How big of a company is Parsons?

Parsons has a market capitalization of $4.26 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:  63 (Vote Outperform)
Underperform Votes:  58 (Vote Underperform)
Total Votes:  121
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 1/24/2020 by MarketBeat.com Staff

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