Parsons (NYSE:PSN) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Parsons (NYSE:PSN - Get Free Report) posted its earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.28), Zacks reports. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. Parsons had a net margin of 1.30% and a return on equity of 13.10%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Parsons updated its FY 2025 guidance to EPS.

Parsons Trading Down 4.0 %

PSN stock traded down $2.51 on Friday, hitting $59.45. 2,970,208 shares of the company were exchanged, compared to its average volume of 1,570,184. Parsons has a twelve month low of $57.86 and a twelve month high of $114.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.55 and a quick ratio of 1.55. The business's fifty day moving average is $86.65 and its two-hundred day moving average is $95.41. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 78.22, a price-to-earnings-growth ratio of 0.98 and a beta of 0.73.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PSN shares. TD Cowen cut shares of Parsons from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Friday. Raymond James downgraded shares of Parsons from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Robert W. Baird cut their price target on shares of Parsons from $125.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday. Jefferies Financial Group lowered their price objective on shares of Parsons from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Truist Financial lowered their price objective on shares of Parsons from $130.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.11.

About Parsons

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.