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NYSE:PSN

Parsons Stock Forecast, Price & News

$35.09
-0.64 (-1.79 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$34.84
Now: $35.09
$35.76
50-Day Range
$32.80
MA: $34.88
$36.42
52-Week Range
$24.67
Now: $35.09
$45.40
Volume1.18 million shs
Average Volume349,331 shs
Market Capitalization$3.53 billion
P/E Ratio32.79
Dividend YieldN/A
Beta1.17
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.95 billion
Cash Flow$2.60 per share
Book Value$16.73 per share

Profitability

Net Income$120.53 million

Miscellaneous

Employees15,879
Market Cap$3.53 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableNot Optionable
$35.09
-0.64 (-1.79 %)
(As of 09/21/2020 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?

Parsons' stock was trading at $32.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PSN stock has increased by 8.7% and is now trading at $35.09.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Parsons?

7 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Parsons
.

When is Parsons' next earnings date?

Parsons is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Parsons
.

How were Parsons' earnings last quarter?

Parsons Corp (NYSE:PSN) posted its earnings results on Wednesday, August, 5th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.01. The firm earned $979 million during the quarter, compared to analyst estimates of $987.92 million. Parsons had a return on equity of 16.48% and a net margin of 2.66%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 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, August, 5th. 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 $4.02 billion.

What price target have analysts set for PSN?

7 equities research analysts have issued 1 year price objectives for Parsons' shares. Their forecasts range from $39.00 to $44.00. On average, they expect Parsons' share price to reach $41.00 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts' price targets for Parsons
.

Are investors shorting Parsons?

Parsons saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,780,000 shares, an increase of 93.1% from the August 15th total of 1,440,000 shares. Based on an average daily trading volume, of 436,300 shares, the days-to-cover ratio is currently 6.4 days.
View Parsons' Short Interest
.

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), Boeing (BA), 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 & 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 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.

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 number of institutional and retail investors. Top institutional shareholders include Newport Trust Co (76.33%), Vanguard Group Inc. (2.18%), FMR LLC (1.18%), Federated Hermes Inc. (1.14%), TimesSquare Capital Management LLC (1.08%) and Nuveen Asset Management LLC (0.90%). 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 major investors are selling Parsons stock?

PSN stock was sold by a variety of institutional investors in the last quarter, including Newport Trust Co, Nuveen Asset Management LLC, Goldman Sachs Group Inc., Schonfeld Strategic Advisors LLC, Cambiar Investors LLC, Wellington Shields & Co. LLC, Wellington Shields Capital Management LLC, and Sei Investments Co..
View insider buying and selling activity for Parsons
.

Which major investors are buying Parsons stock?

PSN stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Federated Hermes Inc., Principal Financial Group Inc., Principal Financial Group Inc., FMR LLC, ACK Asset Management LLC, Barclays PLC, 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 $35.09.

How big of a company is Parsons?

Parsons has a market capitalization of $3.53 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 9/22/2020 by MarketBeat.com Staff

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