Parsons (PSN) Set to Announce Earnings on Wednesday

Parsons (NYSE:PSN) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Parsons to post earnings of $0.55 per share for the quarter. Parsons has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Parsons (NYSE:PSN) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. Parsons had a return on equity of 10.32% and a net margin of 2.96%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was up 36.4% compared to the same quarter last year. On average, analysts expect Parsons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Parsons Trading Down 0.5 %

Shares of NYSE PSN opened at $79.32 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.39 billion, a PE ratio of 55.86, a PEG ratio of 3.54 and a beta of 0.85. Parsons has a twelve month low of $42.22 and a twelve month high of $85.44. The stock has a fifty day simple moving average of $80.85 and a 200-day simple moving average of $69.40.

Analyst Ratings Changes

PSN has been the topic of a number of recent research reports. Benchmark reiterated a “buy” rating and set a $68.00 price target on shares of Parsons in a research note on Thursday, April 4th. KeyCorp upped their target price on shares of Parsons from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. The Goldman Sachs Group raised their price target on shares of Parsons from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Robert W. Baird boosted their price target on shares of Parsons from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Truist Financial increased their price objective on Parsons from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Parsons Company Profile

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, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.