Parsons Corporation (PSN)
Market Cap | 8.39B |
Revenue (ttm) | 5.44B |
Net Income (ttm) | 161.15M |
Shares Out | 105.83M |
EPS (ttm) | 1.42 |
PE Ratio | 55.86 |
Forward PE | 27.47 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 434,045 |
Open | 78.34 |
Previous Close | 77.88 |
Day's Range | 78.25 - 79.48 |
52-Week Range | 42.23 - 85.44 |
Beta | 0.85 |
Analysts | Strong Buy |
Price Target | 75.20 (-5.19%) |
Earnings Date | May 1, 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... [Read more]
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%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for PSN stock is "Strong Buy." The 12-month stock price forecast is $75.2, which is a decrease of -5.19% from the latest price.
News
Parsons Selected to Design the Future Newark Bay Bridge, Advancing Transportation throughout New Jersey
CHANTILLY, Va., April 15, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the New Jersey Turnpike Authority selected the company to serve as final designer for the replac...
Parsons to Support Clients in Addressing PFAS and Achieving EPA's National PFAS Drinking Water Regulations
CHANTILLY, Va., April 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), an industry leading Per and Polyfluoroalkyl Substances (PFAS) investigation and remediation company, is ready to sup...
Parsons Included on $200M U.S. Army Corps of Engineers Construction Management Contract
CHANTILLY, Va., April 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was included on a $200 million indefinite-delivery, indefinite-quantity multiple awa...
Parsons to Announce First Quarter 2024 Financial Results on May 1, 2024
CHANTILLY, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2024 financial results before the markets open on Wednesday, May 1, 2024. The company will ...
Parsons Awarded Position on $1B NNSA Counter Nuclear Smuggling System Deployment Contract
CHANTILLY, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity multiple award...
Parsons Continues US Air Force Research and Development Support Through $28 Million Task Order
CHANTILLY, Va., March 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $28 million cost-plus-fixed-fee contract to provide intelligence, surv...
NOAA Selects Parsons as System Integrator for Traffic Coordination System for Space
Company to develop software backbone, integrate commercial components for NOAA's spaceflight safety platform Company to develop software backbone, integrate commercial components for NOAA's spacefligh...
Parsons Wins Position on $1B Contract Supporting DC Metro Projects
Parsons to continue over half-a-century of support to WMATA in advancing Capital Region transportation infrastructure Parsons to continue over half-a-century of support to WMATA in advancing Capital R...
Parsons Honored As One Of The World's Most Ethical Companies For 15th Consecutive Year
CHANTILLY, Va., March 04, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation announced today that the company has again been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere, a glo...
Parsons to Present at the Raymond James 45th Annual Institutional Investors Conference
CHANTILLY, Va., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will present at the Raymond James 45th Annual Institutional Investors Conference. Carey Smith, chair, president, and c...
MPA Delivery Partners Selected for Hudson Tunnel Project, The Most Urgent Infrastructure Project in the U.S.
CHANTILLY, Va., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), as part of the Mace-Parsons-Arcadis (MPA Delivery Partners) joint venture, announced today that the team has been sel...
MPA Delivery Partners Selected For Hudson Tunnel Project, the Most Urgent Infrastructure Project in the US
NEW YORK , Feb. 28, 2024 /PRNewswire/ -- Mace Group, as part of joint venture Mace-Parsons-Arcadis (MPA Delivery Partners), announced today that the team has been selected by the Gateway Development C...
Parsons Wins Seat on $245M U.S. Army Corps of Engineers Contract for Environmental Remediation
CHANTILLY, Va., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $245 million indefinite-delivery, indefinite-quantity multipl...
Parsons' $800 Million Convertible Senior Note Offering
CHANTILLY, Va., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today the full exercise of the $100 million option to purchase additional notes granted to the initial purch...
Parsons Announces Pricing Of $700.0 Million Of Convertible Senior Notes Due 2029; Enters into Concurrent Capped Call Transactions to Offset Potential Dilution
CHANTILLY, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today the pricing of its private offering of $700.0 million aggregate principal amount of its 2.625% convert...
Parsons Announces Offering Of $700.0 Million Of Convertible Senior Notes Due 2029
CHANTILLY, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it intends to offer, subject to market and other conditions, $700.0 million aggregate principal a...
Soudah Development Awards Project Management Consultancy Contract to Parsons
CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a three-year contract for new work by Soudah Development – a real es...
Parsons Wins $25 Million Transit Improvement Contract from City of Oakland
CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the City of Oakland Department of Transportation selected the company to perform engineering desi...
Parsons Reports Record Results Since IPO for the Fourth Quarter and Fiscal Year 2023
Record Fourth Quarter Financial Highlights Revenue of $1.5 billion increases 35% year-over-year Organic revenue growth of 34% including at least 20% organic growth in both segments for the third conse...
Parsons Wins $48M Task Order for Army Command-and-Control System Integration
CHANTILLY, Va., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a $48 million task order on the U.S. Army's Responsive Strategic Sourcing...
Parsons Completes Holistic PFAS Investigation, Sampling and Remediation Project for Fortune 100 Industrial Leader
CHANTILLY, Va., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced that the company has completed a comprehensive assessment, investigation, and treatment of per- and polyfluo...
Parsons Wins Contract for Department of Labor Facilities Management
CHANTILLY, Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the United States Department of Labor (DOL) Job Corps Acquisition Ser...
Parsons Included on $200M GSA Construction Management Contract
CHANTILLY, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was named on a multiple award task order contract by the United States General Servic...
Parsons Continues Driving Task Orders to Air-Base Air-Defense Battlespace Contract
CHANTILLY, Va., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a $28 million ceiling-value Battlespace Command and Control Center i...
Parsons Unveils Industry's First Holistic Cyber Solution for Critical Infrastructure Protection
CHANTILLY, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced the launch of a new holistic cyber solution – Cyberzcape Tracker – that proactively protects and neutr...