Parsons Corporation (PSN)

Market Cap	8.50B
Revenue (ttm)	5.80B
Net Income (ttm)	28.24M
Shares Out	106.23M
EPS (ttm)	0.18
PE Ratio	444.33
Forward PE	25.82
Dividend	n/a
Ex-Dividend Date	n/a

Volume	757,167
Open	80.02
Previous Close	80.20
Day's Range	79.55 - 80.70
52-Week Range	46.85 - 85.44
Beta	0.84
Analysts	Strong Buy
Price Target	85.50 (+6.9%)
Earnings Date	Jul 31, 2024

About PSN

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, crit...

• Industry: Information Technology Services
• Sector: Technology
• IPO Date: May 8, 2019
• Employees: 18,500
• Stock Exchange: NYSE
• Ticker Symbol: PSN

Financial Performance

In 2023, Parsons's revenue was $5.44 billion, an increase of 29.74% compared to the previous year's $4.20 billion. Earnings were $161.15 million, an increase of 66.71%.

Analyst Forecast

According to 10 analysts, the average rating for PSN stock is "Strong Buy." The 12-month stock price forecast is $85.5, which is an increase of 6.90% from the latest price.

Price Target

$85.5

(6.90% upside)

Analyst Consensus: Strong Buy