Parsons (NYSE:PSN) Announces Earnings Results

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

Parsons Price Performance

Shares of Parsons stock traded down $2.51 during trading on Friday, reaching $59.45. 2,970,208 shares of the company's stock were exchanged, compared to its average volume of 1,570,184. 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 1-year low of $57.86 and a 1-year high of $114.68. The company has a market cap of $6.31 billion, a P/E ratio of 78.22, a PEG ratio of 0.98 and a beta of 0.73. The firm's 50-day moving average price is $86.65 and its 200 day moving average price is $95.41.

Analysts Set New Price Targets

Several research firms recently issued reports on PSN. Robert W. Baird reduced their price target on Parsons from $125.00 to $78.00 and set an "outperform" rating for the company in a research note on Thursday. TD Cowen downgraded Parsons from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Friday. Truist Financial reduced their price target on Parsons from $130.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group reduced their price target on Parsons from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, William Blair upgraded Parsons from a "market perform" rating to an "outperform" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Parsons has a consensus rating of "Moderate Buy" and a consensus price target 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.