Parsons Corporation (PSN)
| Market Cap | 3.87B |
| Revenue (ttm) | 3.74B |
| Net Income (ttm) | 75.70M |
| Shares Out | 103.73M |
| EPS (ttm) | 0.59 |
| PE Ratio | 63.27 |
| Forward PE | 12.33 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 102,098 |
| Open | 37.77 |
| Previous Close | 38.22 |
| Day's Range | 37.32 - 38.15 |
| 52-Week Range | 29.25 - 41.08 |
| Beta | 1.00 |
| Analysts | Buy |
| Price Target | 42.16 (+12.9%) |
| Earnings Date | May 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...
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 StatementsAnalyst 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.
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...
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...
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?
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.
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 ...
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...
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 ...
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...
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) –...
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.
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
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...
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...
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...
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 ...
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?
Parsons Reports Fourth Quarter and Full Year 2021 Results
Q4 2021 Financial Highlights
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...
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...
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...
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 ...
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 ...
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
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...