Parsons (PSN) to Release Earnings on Wednesday

Parsons (NYSE:PSN) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Parsons Stock Up 1.3 %

Shares of Parsons stock opened at $77.94 on Tuesday. The firm has a market cap of $8.28 billion, a PE ratio of 118.09, a P/E/G ratio of 1.17 and a beta of 0.73. The business’s 50 day simple moving average is $91.06 and its 200 day simple moving average is $96.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55. Parsons has a 52-week low of $67.18 and a 52-week high of $114.68.

Wall Street Analyst Weigh In

PSN has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. TD Cowen dropped their target price on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Raymond James cut Parsons from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. William Blair lowered Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, KeyCorp reduced their target price on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.