Parsons (NYSE:PSN) Posts Quarterly Earnings Results

Parsons (NYSE:PSN) announced its quarterly earnings results on Wednesday. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.28), Zacks reports. Parsons had a net margin of 1.21% and a return on equity of 12.74%. Parsons updated its FY 2025 guidance to EPS.

Parsons Trading Down 11.7 %

Shares of NYSE:PSN opened at $64.93 on Wednesday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 98.66, a PEG ratio of 1.11 and a beta of 0.73. Parsons has a 1-year low of $67.70 and a 1-year high of $114.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55. The company has a 50 day moving average price of $88.41 and a 200 day moving average price of $95.97.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. William Blair upgraded shares of Parsons from a “market perform” rating to an “outperform” rating in a research note on Tuesday. TD Cowen dropped their price target on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. KeyCorp lowered their price objective on shares of Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial lowered their price objective on shares of Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Robert W. Baird raised their price objective on shares of Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.33.

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.