NYSE:PSN - Parsons Stock Price, News & Analysis

$38.40
+1.60 (+4.35 %)
(As of 09/16/2019 10:42 AM ET)
Today's Range
$37.00
Now: $38.40
$38.40
50-Day Range
$33.37
MA: $35.30
$37.49
52-Week Range
$29.03
Now: $38.40
$38.82
Volume2,776 shs
Average Volume219,575 shs
Market Capitalization$3.82 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

Miscellaneous

Employees15,633
Market Cap$3.82 billion
Next Earnings Date11/12/2019 (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) announced its quarterly earnings data on Tuesday, August, 13th. The company reported $0.43 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.21. The firm had revenue of $989.74 million for the quarter, compared to analyst estimates of $953.83 million. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. View Parsons' Earnings History.

When is Parsons' next earnings date?

Parsons is scheduled to release their next quarterly earnings announcement on Tuesday, November 12th 2019. View Earnings Estimates for Parsons.

What price target have analysts set for PSN?

7 Wall Street analysts have issued 12 month target prices for Parsons' stock. Their forecasts range from $36.00 to $43.00. On average, they expect Parsons' stock price to reach $38.8333 in the next year. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets for Parsons.

What is the consensus analysts' recommendation for Parsons?

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

Has Parsons been receiving favorable news coverage?

Media headlines about PSN stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Parsons earned a news impact score of 0.9 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories 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 Alibaba Group (BABA), Cisco Systems (CSCO), Home Depot (HD), Square (SQ), Verizon Communications (VZ), NVIDIA (NVDA), QUALCOMM (QCOM), Honeywell International (HON), Thermo Fisher Scientific (TMO) and CVS Health (CVS).

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 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.

When does the company's lock-up period expire?

Parsons' lock-up period expires on Monday, November 4th. Parsons had issued 18,518,500 shares in its public offering on May 8th. The total size of the offering was $499,999,500 based on an initial share price of $27.00. After the end of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Who are Parsons' major shareholders?

Parsons' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Newport Trust Co (78.59%), Price T Rowe Associates Inc. MD (2.02%), ValueAct Holdings L.P. (1.82%), Vanguard Group Inc. (1.75%), ETF Managers Group LLC (1.42%) and Nuveen Asset Management LLC (1.27%). View Institutional Ownership Trends for Parsons.

Which institutional investors are buying Parsons stock?

PSN stock was purchased by a variety of institutional investors in the last quarter, including Newport Trust Co, Price T Rowe Associates Inc. MD, ValueAct Holdings L.P., Vanguard Group Inc., ETF Managers Group LLC, Nuveen Asset Management LLC, BlackRock Inc. and Wells Fargo & Company MN. 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 $38.2628.

How big of a company is Parsons?

Parsons has a market capitalization of $3.80 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:  2.3 out of 5 (star star)
Outperform Votes:  29 (Vote Outperform)
Underperform Votes:  33 (Vote Underperform)
Total Votes:  62
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 9/16/2019 by MarketBeat.com Staff

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