Parsons Corporation (PSN)

NYSE: PSN · IEX Real-Time Price · USD
43.88
+0.04 (0.09%)
Feb 2, 2023, 9:51 AM EST - Market open
0.09%
Market Cap 4.53B
Revenue (ttm) 4.04B
Net Income (ttm) 97.51M
Shares Out 103.50M
EPS (ttm) 0.89
PE Ratio 49.26
Forward PE 14.93
Dividend n/a
Ex-Dividend Date n/a
Volume 5,795
Open 43.96
Previous Close 43.84
Day's Range 43.88 - 43.96
52-Week Range 29.91 - 50.15
Beta 0.89
Analysts Buy
Price Target 51.00 (+16.23%)
Earnings Date Feb 15, 2023

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... [Read more]

Sector Industrials
IPO Date May 8, 2019
Employees 15,500
Stock Exchange NYSE
Ticker Symbol PSN
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 15 analysts, the average rating for PSN stock is "Buy." The 12-month stock price forecast is $51.0, which is an increase of 16.23% from the latest price.

Price Target
$51.0
(16.23% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Parsons Delivering the Future of Infrastructure for THE LINE Giga-project

CENTREVILLE, Va., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was appointed as a delivery partner for THE LINE, the centerpiece project for NEOM ...

1 day ago - GlobeNewsWire

Parsons to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on February 15, 2023

CENTREVILLE, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2022 financial results before the markets open on Wednesday, February 15,...

3 weeks ago - GlobeNewsWire

Xator Selected For Task Orders Of Up To $79.5M Supporting USAF Integrated Base Defense Security System

CENTREVILLE, Va., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Xator, LLC, a Parsons company, won prime and major subcontractor positions on the United States...

3 weeks ago - GlobeNewsWire

PSN or WDH: Which Is the Better Value Stock Right Now?

PSN vs. WDH: Which Stock Is the Better Value Option?

Other symbols: WDH
3 weeks ago - Zacks Investment Research

Parsons' Unleashing The Future Of Military Cyber Infrastructure Company Wins DARPA SMOKE Contract

CENTREVILLE, Va., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company's BlackHorse Solutions subsidiary won a $12 million contract from the Defense Advan...

1 month ago - GlobeNewsWire

Parsons Wins Seat on $95 Million Global NAVFAC Contract to Plan US Navy Infrastructure

CENTREVILLE, Va., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on a $95 million indefinite-delivery, indefinite-quantity mu...

1 month ago - GlobeNewsWire

Parsons Awarded $49 Million Contract To Support U.S. Army Intelligence S&T Programs

CENTREVILLE, Va., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the US Army Operations and Intelligence Division of the C5ISR Center has selected the company t...

2 months ago - GlobeNewsWire

Parsons Continues Dedication to Veterans

Company Receives HIRE Vets Medallion Program Award From Department of Labor Company Receives HIRE Vets Medallion Program Award From Department of Labor

2 months ago - GlobeNewsWire

Parsons Awarded $28M Task Order for PFAS Investigation at Army National Guard Facilities

CENTREVILLE, Va., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected to conduct remedial investigations and feasibility studies at Army Nat...

3 months ago - GlobeNewsWire

Parsons (PSN) Q3 Earnings Miss Estimates

Parsons (PSN) delivered earnings and revenue surprises of -4% and 7.98%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Parsons Reports Strong Third Quarter 2022 Results

Q3 2022 Financial Highlights

3 months ago - GlobeNewsWire

Parsons Charges Up Zero Emission Vehicle and Fleet Electrification Business

CENTREVILLE, Va., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) is leveraging their qualifications as a provider of detailed design and transit planning services to guide transit a...

3 months ago - GlobeNewsWire

NOAA Awards Parsons Team $16 Million Contract For Polar Operational Environmental Satellites Operations

CENTREVILLE, Va., Oct. 19, 2022 (GLOBE NEWSWIRE) -- The National Oceanic and Atmospheric Administration (NOAA) has selected a team led by Parsons Corporation (NYSE: PSN) to provide engineering service...

3 months ago - GlobeNewsWire

Parsons Serves as Lead Designer for New American Legion Bridge I-270 Traffic Relief Plan

CENTREVILLE, Va., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company will serve as lead designer and subconsultant to the construction joint venture led...

3 months ago - GlobeNewsWire

7 Under-the-Radar Stocks With 100% Upside Potential

The markets have delivered one of the worst years in the past several decades. As a result, investors are left searching for under-the-radar stocks that have been passed over due to all the bad news.

Other symbols: AMRAZPNCORTELFPLMRWWE
3 months ago - InvestorPlace

Parsons to Announce Third Quarter 2022 Financial Results on November 2, 2022

CENTREVILLE, Va., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2022 financial results before the markets open on Wednesday, November 2, 2022. The company...

4 months ago - GlobeNewsWire

7 Top Tech Stocks to Buy Heading Into Q4 2022

If you love tech stocks, this hasn't been your year. But that doesn't mean you shouldn't be looking at the top tech stocks to buy for the fourth quarter.

Other symbols: ADPDPSIEXLSQLYSWOLF
4 months ago - InvestorPlace

Parsons Continues Delivering Engineering Support for the Missile Defense Agency's Modern, Sustainable Infrastructure Under $104 Million Contract

CENTREVILLE, Va., Sept. 28, 2022 (GLOBE NEWSWIRE) -- The Missile Defense Agency (MDA) has selected Parsons Corporation (NYSE: PSN) to continue engineering advisory and assistance support for planning,...

4 months ago - GlobeNewsWire

Parsons Supporting U.S. Army Chemical and Biological Defense

CENTREVILLE, Va., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) was selected by U.S. Army Combat Capabilities Development Command, Chemical Biological Center (DEVCOM CBC) for an a...

4 months ago - GlobeNewsWire

Parsons Showcasing AI-Enabled Traffic Management at ITS World Congress

CENTREVILLE, Va., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will highlight industry-leading intelligent transportation solutions (ITS) that are helping cities around the world...

4 months ago - GlobeNewsWire

Sidus Space Will Continue Producing Hardware That Will Support Parsons Tranche 1 Launch

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company focused on mission critical hardware manufacturing combined with commercial satellite design, manuf...

Other symbols: SIDU
5 months ago - Business Wire

Parsons and TAPS Continue Partnership in Support of Military Families

The 15th Annual TAPS Golf Outing Occurred on Sept. 8, 2022 The 15th Annual TAPS Golf Outing Occurred on Sept. 8, 2022

5 months ago - GlobeNewsWire

Parsons Team Awarded $160 Million Contract To Support DOE And NNSA Missions

CENTREVILLE, Va., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected to continue providing enterprise construction management service...

5 months ago - GlobeNewsWire

Parsons to Present at The Morgan Stanley 10th Annual Laguna Conference

CENTREVILLE, Va., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial o...

5 months ago - GlobeNewsWire

Parsons Stock Is a Future-Facing, High-Powered Computing Investment

Parsons (NYSE: PSN) stock offers broad exposure to a number of high-conviction niche tech markets. There are a number of possible angles that should appeal to Parsons' investors, from satellite solut...

5 months ago - InvestorPlace