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
CIKN/A
Phone703-988-8500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.56 billion
Profitability
Miscellaneous
Employees15,633
Next Earnings Date2/11/2020 (Estimated)
OptionableNot Optionable
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) announced its quarterly earnings results on Tuesday, November, 12th. The company reported $0.57 EPS for the quarter, topping the Zacks' consensus estimate of $0.42 by $0.15. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.03 billion. Parsons had a negative return on equity of 11.53% and a net margin of 2.97%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. View Parsons' Earnings History.
When is Parsons' next earnings date?
What price target have analysts set for PSN?
8 brokerages have issued 1 year price targets for Parsons' stock. Their forecasts range from $36.00 to $44.00. On average, they expect Parsons' stock price to reach $41.00 in the next year. This suggests that the stock has a possible downside of 4.1%. 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?
Media stories about PSN stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Parsons earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Parsons.
Are investors shorting Parsons?
Parsons saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 605,500 shares, a decline of 18.3% from the December 31st total of 741,500 shares. Based on an average daily volume of 252,200 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.6% of the shares of the stock are sold short. View Parsons' Current Options Chain.
Who are some of Parsons' key competitors?
Some companies that are related to Parsons include Leidos (LDOS), Open Text (OTEX), Godaddy (GDDY), Jack Henry & Associates (JKHY), Caci International (CACI), Science Applications International (SAIC), Verint Systems (VRNT), Scientific Games (SGMS), NetScout Systems (NTCT), Allscripts Healthcare Solutions (MDRX), Sykes Enterprises (SYKE), Ebix (EBIX), Nextgen Healthcare (NXGN), Onespan (OSPN) and Agilysys (AGYS).
What other stocks do shareholders of Parsons own?
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 served 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 number of of institutional and retail investors. Top institutional investors include SG Americas Securities LLC (0.07%), California Public Employees Retirement System (0.04%), Benin Management CORP (0.02%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%), Boenning & Scattergood Inc. (0.01%) and Ocean Capital Management LLC (0.01%). 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 Boenning & Scattergood Inc., Canton Hathaway LLC and New York State Teachers Retirement System. View Insider Buying and Selling for Parsons.
Which major investors are buying Parsons stock?
PSN stock was bought by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Ocean Capital Management LLC, California Public Employees Retirement System, Zurcher Kantonalbank Zurich Cantonalbank and Benin Management CORP. 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 $42.75.
How big of a company is Parsons?
What is Parsons' official website?
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)
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.
