Parsons (PSN) Set to Announce Earnings on Wednesday

Parsons (NYSE:PSN) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parsons has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Parsons (NYSE:PSN) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.18. Parsons had a net margin of 0.89% and a return on equity of 12.09%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.53 billion. 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 0.0 %

Shares of Parsons stock opened at $107.42 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $99.89 and a 200-day simple moving average of $86.70. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 249.82, a PEG ratio of 2.33 and a beta of 0.80. Parsons has a 12-month low of $55.22 and a 12-month high of $109.55.

Analyst Ratings Changes

PSN has been the subject of a number of research analyst reports. Benchmark upped their target price on Parsons from $68.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird raised their target price on shares of Parsons from $89.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Parsons from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Truist Financial reissued a “buy” rating and set a $108.00 price objective (up from $100.00) on shares of Parsons in a research report on Thursday, August 1st. Finally, KeyCorp upped their target price on shares of Parsons from $99.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $96.78.

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.