Parsons (NYSE:PSN) Issues Earnings Results

Parsons (NYSE:PSN) posted its quarterly earnings data on Wednesday. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 Stock Performance

Shares of NYSE PSN opened at $64.93 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $88.41 and its two-hundred day moving average price is $95.97. Parsons has a 52-week low of $67.70 and a 52-week high of $114.68. The stock has a market capitalization of $6.89 billion, a P/E ratio of 98.66, a P/E/G ratio of 1.11 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen reduced their price target on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Truist Financial reduced 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. Raymond James cut shares of Parsons from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. William Blair raised shares of Parsons from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird increased their price target on shares of Parsons from $103.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.