Parsons (PSN) Expected to Announce Quarterly Earnings on Wednesday

Parsons (NYSE:PSN) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Parsons to post earnings of $0.91 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Parsons Trading Up 1.1 %

PSN opened at $78.18 on Wednesday. The stock has a market cap of $8.30 billion, a PE ratio of 118.46, a PEG ratio of 1.19 and a beta of 0.73. 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 business has a 50 day moving average of $92.54 and a 200-day moving average of $96.26. Parsons has a 52 week low of $64.33 and a 52 week high of $114.68.

Analysts Set New Price Targets

A number of research firms have recently commented on PSN. Jefferies Financial Group lowered their target price on Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, January 24th. KeyCorp lowered their target price on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Raymond James cut Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Robert W. Baird lifted their price objective on Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, TD Cowen lowered their price objective on Parsons from $117.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.