Parsons Corporation (PSN)

NYSE: PSN · IEX Real-Time Price · USD
80.41
-0.26 (-0.32%)
At close: Apr 12, 2024, 4:00 PM
80.45
+0.03 (0.04%)
After-hours: Apr 12, 2024, 7:20 PM EDT
-0.32%
Market Cap 8.51B
Revenue (ttm) 5.44B
Net Income (ttm) 161.15M
Shares Out 105.83M
EPS (ttm) 1.42
PE Ratio 56.63
Forward PE 27.85
Dividend n/a
Ex-Dividend Date n/a
Volume 380,610
Open 80.49
Previous Close 80.67
Day's Range 79.96 - 80.90
52-Week Range 42.23 - 85.44
Beta 0.85
Analysts Strong Buy
Price Target 73.30 (-8.84%)
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]

Sector Technology
IPO Date May 8, 2019
Employees 18,500
Stock Exchange NYSE
Ticker Symbol PSN
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for PSN stock is "Strong Buy." The 12-month stock price forecast is $73.3, which is a decrease of -8.84% from the latest price.

Price Target
$73.3
(-8.84% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

1 day ago - GlobeNewsWire

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...

2 days ago - GlobeNewsWire

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 ...

4 days ago - GlobeNewsWire

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...

9 days ago - GlobeNewsWire

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...

18 days ago - GlobeNewsWire

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...

26 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

Parsons To Announce Fourth Quarter And Fiscal Year 2023 Financial Results On February 14, 2024

CHANTILLY, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2023 financial results before the markets open on Wednesday, February 14, 2...

3 months ago - GlobeNewsWire