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NYSE:PSN

Parsons Stock Forecast, Price & News

$36.37
+0.63 (+1.76 %)
(As of 03/1/2021 10:05 AM ET)
Add
Compare
Today's Range
$35.93
Now: $36.37
$36.37
50-Day Range
$35.66
MA: $38.25
$39.95
52-Week Range
$24.67
Now: $36.37
$43.37
Volume1,208 shs
Average Volume439,971 shs
Market Capitalization$3.72 billion
P/E Ratio40.41
Dividend YieldN/A
Beta1.05
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, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for complex infrastructure; and engineering, program management, systems engineering, and environmental solutions to private-sector industrial clients and public utilities. It has a strategic partnership with Neology, Inc. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.
Parsons logo

Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone703-988-8500
Employees15,879
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.95 billion
Cash Flow$2.50 per share
Book Value$16.73 per share

Profitability

Net Income$120.53 million

Miscellaneous

Market Cap$3.72 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

0.96 out of 5 stars

Business Services Sector

220th out of 442 stocks

Computer Integrated Systems Design Industry

25th out of 53 stocks

Analyst Opinion: 1.2Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
$36.37
+0.63 (+1.76 %)
(As of 03/1/2021 10:05 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Parsons (NYSE:PSN) Frequently Asked Questions

Is Parsons a buy right now?

6 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 3 buy ratings for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than Parsons?

Wall Street analysts have given Parsons a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Parsons wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Parsons' next earnings date?

Parsons is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Parsons
.

How were Parsons' earnings last quarter?

Parsons Co. (NYSE:PSN) released its quarterly earnings results on Tuesday, February, 23rd. The company reported $0.21 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.13. Parsons had a trailing twelve-month return on equity of 10.08% and a net margin of 2.27%.
View Parsons' earnings history
.

How has Parsons' stock 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. Since then, PSN shares have increased by 12.4% and is now trading at $36.28.
View which stocks have been most impacted by COVID-19
.

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

Parsons updated its FY 2021 Pre-Market earnings guidance on Wednesday, February, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.85-4.05 billion, compared to the consensus revenue estimate of $4.23 billion.

What price target have analysts set for PSN?

6 equities research analysts have issued 1-year price targets for Parsons' shares. Their forecasts range from $33.00 to $43.00. On average, they anticipate Parsons' stock price to reach $38.50 in the next twelve months. This suggests a possible upside of 6.1% 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:
  • Mr. Charles L. Harrington, Chairman & CEO (Age 62, Pay $2.44M)
  • Ms. Carey A. Smith, Pres, COO & Director (Age 57, Pay $1.17M)
  • Mr. George L. Ball, CFO & Exec. VP (Age 62, Pay $1.04M)
  • Mr. Michael R. Kolloway, Chief Legal Officer & Sec. (Age 60, Pay $750.56k)
  • Mr. Scott Carl, Chief Information Officer
  • Mr. David Spille, VP of Investor Relations
  • Ms. Debra A. Fiori, Chief People Officer
  • Mr. James R. Shappell, Vice Chairman, Managing Director of Saudi Arabian Parsons Ltd. and Saudi Arabia Country Mang.
  • Ms. Virginia L. Grebbien, Chief Corp. Affairs Officer
  • Mr. Rick Henderson, Sr. VP and Middle East Africa Fin. Director

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), The Boeing (BA), The Walt Disney (DIS), Marvell Technology Group (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).

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 $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 investors include Newport Trust Co (74.60%), Price T Rowe Associates Inc. MD (2.25%), BlackRock Inc. (1.85%), Wells Fargo & Company MN (1.63%), ETF Managers Group LLC (1.19%) and Lazard Asset Management LLC (1.16%). 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 Federated Hermes Inc., Newport Trust Co, Principal Financial Group Inc., Nuveen Asset Management LLC, Needham Investment Management LLC, Barclays PLC, First Trust Advisors LP, and SG Americas Securities 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 bought by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Wells Fargo & Company MN, ETF Managers Group LLC, Fort Washington Investment Advisors Inc. OH, Frontier Capital Management Co. LLC, BlackRock Inc., Canada Pension Plan Investment Board, and Thompson Siegel & Walmsley 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
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.
Compare Top Brokerages Here.

What is Parsons' stock price today?

One share of PSN stock can currently be purchased for approximately $36.28.

How much money does Parsons make?

Parsons has a market capitalization of $3.71 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.

How many employees does Parsons have?

Parsons employs 15,879 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]


This page was last updated on 3/1/2021 by MarketBeat.com Staff

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