30-Apr-2024
Parsons Q1 2024 Earnings Preview
Seeking Alpha News (Tue, 30-Apr 12:08 PM ET)
Notable earnings before Wednesday's open
Seeking Alpha News (Tue, 30-Apr 10:46 AM ET)
Parsons wins position on $464M U.S. Army remediation contract
Seeking Alpha News (Mon, 29-Apr 6:38 AM ET)
Parsons Wins Position on $464M U.S. Army Remediation Contract
Globe Newswire (Mon, 29-Apr 6:25 AM ET)
Parsons Increasing Production of U.S. Air Force's RADBO System
Globe Newswire (Thu, 25-Apr 6:25 AM ET)
Globe Newswire (Mon, 15-Apr 6:30 AM ET)
Globe Newswire (Thu, 11-Apr 1:30 PM ET)
Parsons Included on $200M U.S. Army Corps of Engineers Construction Management Contract
Globe Newswire (Thu, 11-Apr 6:25 AM ET)
Parsons to Announce First Quarter 2024 Financial Results on May 1, 2024
Globe Newswire (Tue, 9-Apr 7:25 AM ET)
Parsons Awarded Position on $1B NNSA Counter Nuclear Smuggling System Deployment Contract
Globe Newswire (Wed, 3-Apr 4:05 PM ET)
Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.
Parsons trades on the NYSE stock market under the symbol PSN.
As of April 30, 2024, PSN stock price declined to $78.51 with 599,801 million shares trading.
PSN has a beta of 0.80, meaning it tends to be less sensitive to market movements. PSN has a correlation of 0.18 to the broad based SPY ETF.
PSN has a market cap of $8.31 billion. This is considered a Mid Cap stock.
Last quarter Parsons reported $1 billion in Revenue and $.69 earnings per share. This beat revenue expectation by $174 million and exceeded earnings estimates by $.06.
In the last 3 years, PSN stock traded as high as $85.44 and as low as $29.25.
The top ETF exchange traded funds that PSN belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.
PSN has outperformed the market in the last year with a return of +80.5%, while the SPY ETF gained +22.3%. In the last 3 month period, PSN beat the market returning +18.3%, while SPY returned +2.5%. However, in the most recent 2 weeks PSN has underperformed the stock market by returning -0.5%, while SPY returned -0.5%.
PSN support price is $78.21 and resistance is $80.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSN stock will trade within this expected range on the day.