Parsons (PSN) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSN shares.
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9 analysts have issued 1-year price objectives for Parsons' shares. Their PSN share price targets range from $65.00 to $100.00. On average, they predict the company's share price to reach $79.00 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
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Parsons' stock was trading at $62.71 at the beginning of 2024. Since then, PSN shares have increased by 23.5% and is now trading at $77.47.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Parsons will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Parsons Co. (NYSE:PSN) posted its quarterly earnings data on Wednesday, February, 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.33 billion. Parsons had a net margin of 2.96% and a trailing twelve-month return on equity of 10.32%. The company's revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share.

ETFs with the largest weight of Parsons (NYSE:PSN) stock in their portfolio include VictoryShares Protect America ETF (SHLD), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust Indxx Aerospace & Defense ETF (MISL), Amplify Cybersecurity ETF (HACK), SPDR S&P Kensho Future Security ETF (FITE), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), AlphaMark Actively Managed Small Cap ETF (SMCP) and Hypatia Women CEO ETF (WCEO).

Parsons updated its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.8 billion-$6.0 billion, compared to the consensus revenue estimate of $5.6 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Parsons investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Marvell Technology (MRVL), AbbVie (ABBV), Advanced Micro Devices (AMD) and Baidu (BIDU).

Parsons (PSN) raised $500 million in an initial public offering (IPO) on Wednesday, May 8th 2019. The company issued 18,500,000 shares at a price of $26.00-$28.00 per share. Goldman Sachs, BofA Merrill Lynch and Morgan Stanley served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, Cowen, SunTrust Robinson Humphrey, MUFG and Scotiabank were co-managers.

Parsons' stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.54%), Hennessy Advisors Inc. (0.41%), CHURCHILL MANAGEMENT Corp (0.06%), Seaside Wealth Management Inc. (0.01%), Sunburst Financial Group LLC (0.01%) and AlphaMark Advisors LLC (0.00%). Insiders that own company stock include Carey A Smith, George L Ball, Harry T Mcmahon and Michael Richard Kolloway.
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Shares of PSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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