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NYSE:PSNParsons Stock Price, Forecast & News

$39.53
+0.32 (+0.82 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$38.46
Now: $39.53
$40.00
50-Day Range
$33.25
MA: $37.16
$39.43
52-Week Range
$24.67
Now: $39.53
$45.40
Volume301,800 shs
Average Volume267,120 shs
Market Capitalization$3.98 billion
P/E Ratio30.88
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars


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$2.66 per share
Book Value$16.56 per share

Profitability

Net Income$120.53 million

Miscellaneous

Employees15,879
Market Cap$3.98 billion
Next Earnings Date8/11/2020 (Estimated)
OptionableNot Optionable

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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 stock has increased by 22.5% and is now trading at $39.53. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Parsons?

10 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 7 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 Tuesday, August 11th 2020. View our earnings forecast for Parsons.

How were Parsons' earnings last quarter?

Parsons Corp (NYSE:PSN) posted its quarterly earnings results on Wednesday, May, 6th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.57 by $0.24. The company earned $971 million during the quarter, compared to analysts' expectations of $921.57 million. Parsons had a return on equity of 53.05% and a net margin of 3.08%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. View Parsons' earnings history.

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

Parsons issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.95-4.05 billion, compared to the consensus revenue estimate of $3.94 billion.

What price target have analysts set for PSN?

10 analysts have issued 1 year price targets for Parsons' stock. Their forecasts range from $38.00 to $45.00. On average, they anticipate Parsons' share price to reach $41.14 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View analysts' price targets for Parsons.

Has Parsons been receiving favorable news coverage?

Media stories about PSN stock have been trending negative on Thursday, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring 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 media sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutParsons.

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), Alibaba Group (BABA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Marvell Technology Group (MRVL), AbbVie (ABBV), Walt Disney (DIS), Roku (ROKU) and Verizon Communications (VZ).

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 IPO 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 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.48%), State Street Corp (1.34%), TimesSquare Capital Management LLC (1.06%), Wells Fargo & Company MN (0.99%), Nuveen Asset Management LLC (0.92%) and ETF Managers Group LLC (0.89%). 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 major investors are selling Parsons stock?

PSN stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Geode Capital Management LLC, ETF Managers Group LLC, Morgan Stanley, Morgan Stanley, SG Americas Securities LLC, and Principal Financial Group Inc.. View insider buying and selling activity for Parsons.

Which major investors are buying Parsons stock?

PSN stock was acquired by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Sunriver Management LLC, JPMorgan Chase & Co., Parametric Portfolio Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Cambiar Investors LLC, Bogle Investment Management L P DE, and Wells Fargo & Company MN. 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 $39.53.

How big of a company is Parsons?

Parsons has a market capitalization of $3.98 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.

What is Parsons' official website?

The official website for Parsons is 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 i[email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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