Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Parsons (PSN)
NYSE:PSN
Parsons (PSN) Stock Price & Analysis
295 Followers
PSN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$46.68 - $85.44
Previous Close$74.52
Volume1.24M
Average Volume (3M)847.99K
Market Cap
$7.92B
Enterprise Value$8.66B
Total Cash (Recent Filing)$272.94M
Total Debt (Recent Filing)$922.02M
Price to Earnings (P/E)424.1
Beta0.77
Next Earnings
Jul 31, 2024EPS Estimate
$0.69Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.17
Shares Outstanding146,747,745
10 Day Avg. Volume839,548
30 Day Avg. Volume847,985
Standard Deviation0.08
R-Squared0.28
Alpha0.00767
Financial Highlights & Ratios
Price to Book (P/B)49.94
Price to Sales (P/S)2.01
Price to Cash Flow (P/CF)14.40
P/FCF Ratio14.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.59
Enterprise Value/Gross Profit7.18
Enterprise Value/Ebitda20.73
Forecast
1Y Price Target
$86.83Price Target Upside16.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Parsons News
Bulls Say, Bears Say
Bulls Say
Company StrategyPSN's strategy is consistent and its execution with incredibly high win rates and above-average employee retention.
Financial PerformanceMargins have a natural lift higher as lower profit jobs roll off in favor of increasingly higher margin new work.
Market DemandDemand for PSN's services is robust, with cyber work growing at 25% and infrastructure transportation seeing double-digit growth.
Bears Say
Financial PerformanceCash from operations was negative in the quarter, compared to a year ago.
Future PerformanceThe guidance hike is half 1Q outperformance, and half better outlook, but still suggests major deceleration, including flattish YOY margin performance.
Market CompetitionWin rates at 78% are unsustainable and causing PSN to increase numbers of bids, particularly in Mideast, where win-rates are even higher.
---
Ownership Overview
1.28% Insiders
15.69% Mutual Funds
75.21% Other Institutional Investors
7.82% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
PSN FAQ
What was Parsons’s price range in the past 12 months?
Parsons lowest stock price was $46.68 and its highest was $85.44 in the past 12 months.
What is Parsons’s market cap?
Currently, no data Available
When is Parsons’s upcoming earnings report date?
Parsons’s upcoming earnings report date is Jul 31, 2024 which is in 52 days.
How were Parsons’s earnings last quarter?
Parsons released its earnings results on May 01, 2024. The company reported $0.7 earnings per share for the quarter, beating the consensus estimate of $0.627 by $0.073.
Is Parsons overvalued?
According to Wall Street analysts Parsons’s price is currently Undervalued.
Does Parsons pay dividends?
Parsons does not currently pay dividends.
What is Parsons’s EPS estimate?
Parsons’s EPS estimate is $0.69.
How many shares outstanding does Parsons have?
Parsons has 106,246,360 shares outstanding.
What happened to Parsons’s price movement after its last earnings report?
Parsons reported an EPS of $0.7 in its last earnings report, beating expectations of $0.627. Following the earnings report the stock price went down -1.121%.
Which hedge fund is a major shareholder of Parsons?
Among the largest hedge funds holding Parsons’s share is Gotham Asset Management LLC. It holds Parsons’s shares valued at 2M.
---
Parsons Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$86.83 (16.52% Upside)
$86.83 (16.52% Upside)
Blogger Sentiment
Bullish
PSN Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 28.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.7%
Last 30 Days ▼ 3.5%
Last 30 Days ▼ 3.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
59.81%
12-Months-Change
Fundamentals
Return on Equity
1.34%
Trailing 12-Months
Asset Growth
19.80%
Trailing 12-Months
Company Description
Parsons
Parsons Corp. provides engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. The company delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers. Its projects include airports, bridges, chemical demilitarization, dams, energy generation facilities, environmental remediation and restoration, homeland defense, hospitals, missile defense, pharmaceutical plants, ports, public works, rail systems, roads, schools and universities, water distribution, and wastewater treatment systems. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Pasadena, CA.
---
PSN Company Deck
---
PSN Earnings Call
Q1 2024
0:00 / 0:00
---
PSN Stock 12 Month Forecast
Average Price Target
$86.83
▲(16.52% Upside)
Technical Analysis
Best Analysts Covering PSN
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+41.80%
reiterated a buy rating 2 months ago
Copying Josh Sullivan's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +41.80% per trade.
---