Parsons (PSN) Expected to Announce Quarterly Earnings on Wednesday

Parsons (NYSE:PSN - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $1.76 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Parsons Price Performance

Shares of PSN traded down $2.49 during trading hours on Thursday, reaching $73.47. The stock had a trading volume of 1,389,653 shares, compared to its average volume of 1,320,150. The stock has a market capitalization of $7.80 billion, a PE ratio of 111.31, a PEG ratio of 1.17 and a beta of 0.73. Parsons has a 12 month low of $70.40 and a 12 month high of $114.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55. The company's 50-day moving average is $89.88 and its two-hundred day moving average is $96.10.

Analyst Ratings Changes

Several research firms have recently weighed in on PSN. Jefferies Financial Group reduced their price target on Parsons from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Raymond James lowered shares of Parsons from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Truist Financial dropped their price target on shares of Parsons from $130.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. KeyCorp reduced their price objective on shares of Parsons from $122.00 to $102.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen lowered their target price on Parsons from $117.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Parsons has an average rating of "Moderate Buy" and a consensus target price of $107.33.

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.