NYSE:PSN - Parsons Stock Price, News & Analysis

$34.16
-0.24 (-0.70 %)
(As of 08/19/2019 02:44 AM ET)
Today's Range
$33.97
Now: $34.16
$34.99
50-Day Range
$33.97
MA: $36.74
$37.93
52-Week Range
$29.03
Now: $34.16
$38.82
Volume192,900 shs
Average Volume266,108 shs
Market Capitalization$3.40 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
Book Value($13.50) per share

Profitability

Miscellaneous

Employees15,633
Market Cap$3.40 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) issued its earnings results on Tuesday, August, 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.64 by $0.21. The company had revenue of $989.74 million for the quarter, compared to analyst estimates of $953.83 million. The business's revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business 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 brokerages have issued twelve-month price objectives for Parsons' shares. Their forecasts range from $35.00 to $43.00. On average, they expect Parsons' stock price to reach $37.3333 in the next year. This suggests a possible upside of 9.3% 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 trended negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog 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 daily sentiment score of -2.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. 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 Square (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), Micron Technology (MU), NVIDIA (NVDA), Wix.Com (WIX), Mastercard (MA), Nokia Oyj (NOK), Adobe (ADBE) and Advanced Micro Devices (AMD).

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 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.

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 IPO on May 8th. The total size of the offering was $499,999,500 based on an initial share price of $27.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Who are Parsons' major shareholders?

Parsons' stock is owned by a variety of of retail and institutional investors. Top institutional investors 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 major 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, Scottrade, Fidelity and Charles Schwab.

What is Parsons' stock price today?

One share of PSN stock can currently be purchased for approximately $34.16.

How big of a company is Parsons?

Parsons has a market capitalization of $3.40 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:  21 (Vote Outperform)
Underperform Votes:  25 (Vote Underperform)
Total Votes:  46
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 8/19/2019 by MarketBeat.com Staff

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