Parsons Corporation (PSN)

NYSE: PSN · IEX Real-Time Price · USD
37.33
-0.89 (-2.33%)
May 18, 2022 12:23 PM EDT - Market open
Market Cap3.87B
Revenue (ttm)3.74B
Net Income (ttm)75.70M
Shares Out103.73M
EPS (ttm)0.59
PE Ratio63.27
Forward PE12.33
Dividendn/a
Ex-Dividend Daten/a
Volume102,098
Open37.77
Previous Close38.22
Day's Range37.32 - 38.15
52-Week Range29.25 - 41.08
Beta1.00
AnalystsBuy
Price Target42.16 (+12.9%)
Earnings DateMay 4, 2022

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. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligen...

IndustryAerospace & Defense
IPO DateMay 8, 2019
CEOCharles Harrington
Employees15,500
Stock ExchangeNYSE
Ticker SymbolPSN
Full Company Profile

Financial Performance

In 2021, Parsons's revenue was $3.66 billion, a decrease of -6.59% compared to the previous year's $3.92 billion. Earnings were $64.07 million, a decrease of -34.98%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for PSN stock is "Buy." The 12-month stock price forecast is 42.16, which is an increase of 12.94% from the latest price.

Price Target
$42.16
(12.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Parsons X: Accelerating the World's Digital Transformation

CENTREVILLE, Va., May 18, 2022 (GLOBE NEWSWIRE) -- As innovation continues accelerating Parsons Corporation's (NYSE: PSN) growth, the company today unveiled a new, central approach that unifies its digi...

5 hours ago - GlobeNewsWire

Parsons to Present at the Goldman Sachs 2022 Industrials and Materials Conference

CENTREVILLE, Va., May 04, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, Chairwoman, President, and Chief Executive Officer, and George Ball, CFO, will presen...

2 weeks ago - GlobeNewsWire

Parsons (PSN) Beats Q1 Earnings and Revenue Estimates

Parsons (PSN) delivered earnings and revenue surprises of 8.11% and 6.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Parsons Reports First Quarter 2022 Results

Q1 2022 Financial Highlights

2 weeks ago - GlobeNewsWire

Parsons (PSN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Parsons (PSN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 weeks ago - Zacks Investment Research

Parsons Accelerates Environmental, Social, And Governance (ESG) Focus

CENTREVILLE, Va., April 22, 2022 (GLOBE NEWSWIRE) -- In celebration of Earth Day, Parsons Corporation (NYSE: PSN) is proud to highlight its focus on diversity, integrity, and sustainability through the ...

3 weeks ago - GlobeNewsWire

Parsons Delivers Key Milestone for Innovative Directed Energy System

CENTREVILLE, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Polaris Alpha® Advanced Systems, a Parsons Corporation (NYSE: PSN) company, successfully completed critical design review (CDR) at the end of Februar...

1 month ago - GlobeNewsWire

Parsons to Announce First Quarter 2022 Financial Results on May 4, 2022

CENTREVILLE, Va., April 07, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2022 financial results before the markets open on Wednesday, May 4, 2022. The company will ...

1 month ago - GlobeNewsWire

Parsons Transforming the Battlespace at 37th Space Symposium

CENTREVILLE, Va., March 31, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will highlight innovative capabilities critical to the world's evolving mission requirements at the 37th Space Sympos...

1 month ago - GlobeNewsWire

Parsons to Support NSA Cyber Exercise for Next Generation of Cyber Warriors

CENTREVILLE, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will provide support to the National Security Agency's (NSA) three-day cyber competition – NSA Cyber Exercise (NCX) –...

1 month ago - GlobeNewsWire

The Ratings Game: Stifel relaunches defense stock coverage as Ukraine war rages

Stifel on Friday resumed coverage of eight government services stocks and initiated coverage of KBR Inc. as the sector faces increased demand from an elevated threat environment.

Other symbols:BAHJLDOS
2 months ago - Market Watch

Parsons Again Named One of the World's Most Ethical Companies

Company Honored for 13th Consecutive Year by Ethisphere Company Honored for 13th Consecutive Year by Ethisphere

2 months ago - GlobeNewsWire

Parsons to Present at the J.P. Morgan 2022 Industrials Conference

CENTREVILLE, Va., March 10, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, President and CEO, will present at the J.P. Morgan 2022 Industrials Conference in N...

2 months ago - GlobeNewsWire

Insiders Buy Around $2.8M Of 3 Stocks

Although US stocks traded higher this morning, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stoc...

Other symbols:CTRARBA
2 months ago - Benzinga

Parsons Reimagines the Employee Experience

CENTREVILLE, Va., March 02, 2022 (GLOBE NEWSWIRE) -- As the world's digital revolution continues accelerating, Parsons Corporation (NYSE: PSN) is prioritizing the culture of flexibility, inclusivity, di...

2 months ago - GlobeNewsWire

Parsons to Highlight Transformational Capabilities at AFA Air Warfare Symposium

CENTREVILLE, Va., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will feature capabilities critical to the U.S. Air Force's evolving mission requirements at the Air Force Association ...

2 months ago - GlobeNewsWire

Parsons (PSN) Tops Q4 Earnings and Revenue Estimates

Parsons (PSN) delivered earnings and revenue surprises of 1.85% and 2.70%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Parsons Reports Fourth Quarter and Full Year 2021 Results

Q4 2021 Financial Highlights

2 months ago - GlobeNewsWire

Parsons And Battelle Deliver Industry-Leading PFAS Investigation Capabilities

CENTREVILLE, Va., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has entered into a collaborative agreement with Battelle Memorial Institute (Battelle...

3 months ago - GlobeNewsWire

Parsons Secures Significant Contract To Continue Managing Faro Mine Remediation

Parsons Corp (NYSE: PSN) has secured a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada. The contract could span over 20 yea...

3 months ago - Benzinga

Parsons Awarded Significant Contract to Continue Managing Faro Mine Remediation

CENTREVILLE, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a contract to provide main construction management and care & mainte...

3 months ago - GlobeNewsWire

Parsons to Present at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference

CENTREVILLE, Va., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will present at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference. Carey Smith, President and CEO, and ...

3 months ago - GlobeNewsWire

Parsons Building the Future of Industrial Cities at OXAGON

CENTREVILLE, Va., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced its selection by NEOM Company to provide project management support in building OXAGON – a reimagined ...

3 months ago - GlobeNewsWire

Parsons Receives Perfect Score on Human Rights Campaign Equality Index

Company named one of the Best Places to Work for LGBTQ+ equality Company named one of the Best Places to Work for LGBTQ+ equality

3 months ago - GlobeNewsWire

Parsons Corporation Board Unanimously Elects Carey Smith as Chairwoman

CENTREVILLE, Va., Jan. 24, 2022 (GLOBE NEWSWIRE) -- The board of directors of Parsons Corporation (NYSE: PSN) has unanimously elected Carey A. Smith as chairwoman, effective April 14, 2022. Smith will s...

3 months ago - GlobeNewsWire