Parsons - PSN Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PSN shares. 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.
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7 analysts have issued 1-year price targets for Parsons' shares. Their PSN share price forecasts range from $39.00 to $46.00. On average, they expect the company's share price to reach $42.00 in the next year. This suggests a possible upside of 0.8% from the stock's current price.
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Parsons' stock was trading at $33.65 on January 1st, 2022. Since then, PSN shares have increased by 23.8% and is now trading at $41.66.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Parsons Co. (NYSE:PSN) released its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The business earned $1.01 billion during the quarter, compared to analysts' expectations of $930.97 million. Parsons had a net margin of 2.26% and a trailing twelve-month return on equity of 9.05%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share.

Parsons updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.95 billion-$4.15 billion, compared to the consensus revenue estimate of $3.91 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Parsons investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Marvell Technology (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).

(PSN) raised $500 million in an initial public offering (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.

Parsons trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSN."

Shares of PSN stock 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.
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One share of PSN stock can currently be purchased for approximately $41.66.

Parsons (NYSE:PSN) has a market capitalization of $4.31 billion and generates $3.66 billion in revenue each year. The company earns $64.07 million in net income (profit) each year or $0.80 on an earnings per share basis.

The company employs 15,500 workers across the globe.

Parsons' mailing address is 5875 TRINITY PKWY SUITE 300, CENTREVILLE VA, 20120. The official website for the company is www.parsons.com. The company can be reached via phone at (703) 988-8500 or via email at dave.spille@parsons.com.