Parsons Stock Forecast, Price & News

Parsons (NYSE:PSN) Frequently Asked Questions

Is Parsons a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Parsons stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSN, but not buy additional shares or sell existing shares.
View analyst ratings for Parsons or view top-rated stocks.

How has Parsons' stock 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. Since then, PSN stock has increased by 2.5% and is now trading at $33.08.
View which stocks have been most impacted by COVID-19.

When is Parsons' next earnings date?

Parsons is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Parsons.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) announced its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.04. The firm earned $956.05 million during the quarter, compared to the consensus estimate of $959 million. Parsons had a trailing twelve-month return on equity of 8.05% and a net margin of 1.54%. Parsons's revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share.
View Parsons' earnings history.

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

Parsons issued an update on its FY 2021 earnings guidance on Wednesday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.60 billion-$3.70 billion, compared to the consensus revenue estimate of $3.66 billion.

What price target have analysts set for PSN?

5 Wall Street analysts have issued 1 year target prices for Parsons' stock. Their forecasts range from $33.00 to $70.00. On average, they anticipate Parsons' share price to reach $43.60 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price.
View analysts' price targets for Parsons or view top-rated stocks among Wall Street analysts.

Who are Parsons' key executives?

Parsons' management team includes the following people:

• Carey A. Smith, President, Chief Executive Officer & Director
• George L. Ball, Chief Financial Officer & Executive Vice President
• Stuart Kippelman, Chief Information Officer
• Virginia L. Grebbien, Chief Corporate Affairs Officer
• Donald Douglas Graul, President-Construction Group

Who are some of Parsons' key competitors?

Some companies that are related to Parsons include Open Text (OTEX), Leidos (LDOS), GoDaddy (GDDY), Jack Henry & Associates (JKHY), TuSimple (TSP), Aurora Innovation (AUR), CACI International (CACI), Scientific Games (SGMS), Science Applications International (SAIC), IonQ (IONQ), Verint Systems (VRNT), NetScout Systems (NTCT), Allscripts Healthcare Solutions (MDRX), Reinvent Technology Partners Y (RTPY) and Unisys (UIS).
View all of PSN's 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 (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).

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 $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 many different institutional and retail investors. Top institutional shareholders include Newport Trust Co (68.07%), Mackenzie Financial Corp (2.91%), Invesco Ltd. (0.96%), New York State Common Retirement Fund (0.69%), Geode Capital Management LLC (0.62%) and Dimensional Fund Advisors LP (0.51%). 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, Guggenheim Capital LLC, SG Americas Securities LLC, Chartwell Investment Partners LLC, Geode Capital Management LLC, Mutual of America Capital Management LLC, Balyasny Asset Management LLC, and Balyasny Asset Management LLC.
View insider buying and selling activity for Parsons or view top insider-selling stocks.

Which institutional investors are buying Parsons stock?

PSN stock was purchased by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Dimensional Fund Advisors LP, Russell Investments Group Ltd., Natixis, Invesco Ltd., Granite Investment Partners LLC, New York State Common Retirement Fund, and BOKF NA. 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 or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Parsons' stock price today?

One share of PSN stock can currently be purchased for approximately $33.08.

How much money does Parsons make?

Parsons has a market capitalization of $3.38 billion and generates $3.92 billion in revenue each year. The company earns $98.54 million in net income (profit) each year or $0.54 on an earnings per share basis.

How many employees does Parsons have?

Parsons employs 15,500 workers across the globe.

What is Parsons' official website?

The official website for Parsons is www.parsons.com.

Where are Parsons' headquarters?

Parsons is headquartered at 5875 TRINITY PKWY SUITE 300, CENTREVILLE VA, 20120.

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].