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NYSE:PSN - Parsons Stock Price, Forecast & News

$39.50
-0.15 (-0.38 %)
(As of 02/27/2020 08:00 AM ET)
Today's Range
$39.45
Now: $39.50
$40.82
50-Day Range
$39.50
MA: $42.66
$45.03
52-Week Range
$29.03
Now: $39.50
$45.40
Volume208,000 shs
Average Volume192,013 shs
Market Capitalization$3.92 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

Net Income$222.34 million

Miscellaneous

Employees15,633
Market Cap$3.92 billion
Next Earnings Date3/10/2020 (Confirmed)
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) posted its quarterly earnings data on Tuesday, November, 12th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.15. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Parsons had a net margin of 2.97% and a negative return on equity of 11.53%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. View Parsons' Earnings History.

When is Parsons' next earnings date?

Parsons is scheduled to release their next quarterly earnings announcement on Tuesday, March 10th 2020. View Earnings Estimates for Parsons.

How can I listen to Parsons' earnings call?

Parsons will be holding an earnings conference call on Tuesday, March 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for PSN?

8 brokerages have issued twelve-month price objectives for Parsons' shares. Their forecasts range from $36.00 to $44.00. On average, they anticipate Parsons' stock price to reach $41.00 in the next year. This suggests a possible upside of 3.8% from the stock's current price. View Analyst Price Targets for Parsons.

What is the consensus analysts' recommendation for Parsons?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Parsons.

Has Parsons been receiving favorable news coverage?

Press coverage about PSN stock has trended positive this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Parsons earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Parsons.

Are investors shorting Parsons?

Parsons saw a decline in short interest during the month of February. As of February 14th, there was short interest totalling 642,900 shares, a decline of 14.2% from the January 30th total of 749,600 shares. Based on an average daily trading volume, of 257,200 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.7% of the shares of the company are sold short. 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 Square (SQ), NVIDIA (NVDA), Alibaba Group (BABA), Roku (ROKU), Walt Disney (DIS), Advanced Micro Devices (AMD), Cisco Systems (CSCO), AbbVie (ABBV), Boeing (BA) and Uber Technologies (UBER).

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 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.

Who are Parsons' major shareholders?

Parsons' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Newport Trust Co (78.16%), State Street Corp (1.36%), FMR LLC (0.86%), Geode Capital Management LLC (0.60%), Bank of America Corp DE (0.37%) and Goldman Sachs Group Inc. (0.16%). 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 Newport Trust Co, Goldman Sachs Group Inc., Jennison Associates LLC, Jefferies Group LLC, Boenning & Scattergood Inc., Victory Capital Management Inc., Acadian Asset Management LLC and Canton Hathaway LLC. View Insider Buying and Selling for Parsons.

Which major 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, First Trust Advisors LP, State Street Corp, Geode Capital Management LLC, Wellington Shields & Co. LLC, Granite Investment Partners LLC and SG Americas Securities LLC. 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 $39.50.

How big of a company is Parsons?

Parsons has a market capitalization of $3.92 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:  2.5 out of 5 (star star half star)
Outperform Votes:  69 (Vote Outperform)
Underperform Votes:  68 (Vote Underperform)
Total Votes:  137
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 2/27/2020 by MarketBeat.com Staff

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