Log in

NYSE:PSN - Parsons Stock Price, Forecast & News

$33.26
-1.72 (-4.92 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$31.97
Now: $33.26
$34.19
50-Day Range
$25.31
MA: $37.16
$45.03
52-Week Range
$24.67
Now: $33.26
$45.40
Volume321,757 shs
Average Volume379,974 shs
Market Capitalization$3.35 billion
P/E Ratio26.19
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.
Read More

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$3.95 billion
Cash Flow$2.51 per share
Book Value$16.73 per share

Profitability

Net Income$120.53 million

Miscellaneous

Employees15,879
Market Cap$3.35 billion
Next Earnings Date5/15/2020 (Estimated)
OptionableNot Optionable

Receive PSN News and Ratings via Email

Sign-up to receive the latest news and ratings for PSN and its competitors with MarketBeat's FREE daily newsletter.


Parsons (NYSE:PSN) Frequently Asked Questions

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

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 shares have increased by 3.1% and is now trading at $33.26. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Parsons?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 1 sell rating, 2 hold ratings 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 Friday, May 15th 2020. View our earnings forecast for Parsons.

How were Parsons' earnings last quarter?

Parsons Corp (NYSE:PSN) posted its quarterly earnings results on Tuesday, March, 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.35. The business had revenue of $928.90 million for the quarter, compared to analyst estimates of $1.02 billion. Parsons had a net margin of 3.05% and a negative return on equity of 35.74%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. View Parsons' earnings history.

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

Parsons updated its FY 2020 Pre-Market earnings guidance on Tuesday, March, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.95-4.05 billion, compared to the consensus revenue estimate of $4.08 billion.

What price target have analysts set for PSN?

8 analysts have issued 1 year target prices for Parsons' stock. Their forecasts range from $37.00 to $45.00. On average, they anticipate Parsons' stock price to reach $41.29 in the next year. This suggests a possible upside of 24.1% from the stock's current price. View analysts' price targets for Parsons.

Has Parsons been receiving favorable news coverage?

Press coverage about PSN stock has been trending very negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Parsons earned a daily sentiment score of -3.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near future. View the latest news aboutParsons.

Are investors shorting Parsons?

Parsons saw a drop in short interest in the month of February. As of February 14th, there was short interest totaling 642,900 shares, a drop of 14.2% from the January 30th total of 749,600 shares. Based on an average trading volume of 257,200 shares, the short-interest ratio is currently 2.5 days. Approximately 0.7% 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 NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), AbbVie (ABBV), Cisco Systems (CSCO), Roku (ROKU), Walt Disney (DIS), Advanced Micro Devices (AMD), Micron Technology (MU) and Boeing (BA).

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 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 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 many different institutional and retail investors. Top institutional shareholders include Newport Trust Co (78.16%), Nuveen Asset Management LLC (1.49%), State Street Corp (1.36%), FMR LLC (0.86%), Geode Capital Management LLC (0.60%) and Bank of America Corp DE (0.37%). Company insiders that own Parsons stock include 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, Goldman Sachs Group Inc., Jennison Associates LLC, Nuveen Asset Management LLC, Jefferies Group LLC, Boenning & Scattergood Inc., Victory Capital Management Inc., and Acadian Asset Management LLC. View insider buying and selling activity for Parsons.

Which institutional investors are buying Parsons stock?

PSN stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, Norges Bank, First Trust Advisors LP, State Street Corp, Geode Capital Management LLC, Wellington Shields & Co. LLC, and Granite Investment Partners LLC. Company insiders that have bought Parsons stock in the last two years include 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 $33.26.

How big of a company is Parsons?

Parsons has a market capitalization of $3.35 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. 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:  2.5 out of 5 (star star half star)
Outperform Votes:  75 (Vote Outperform)
Underperform Votes:  74 (Vote Underperform)
Total Votes:  149
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 3/28/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel