Parsons (PSN) Projected to Post Quarterly Earnings on Wednesday

Parsons (NYSE:PSN) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $1.63 billion for the quarter.

Parsons Price Performance

PSN stock opened at $68.42 on Tuesday. The stock has a 50-day moving average price of $60.97 and a two-hundred day moving average price of $82.87. The stock has a market cap of $7.31 billion, a PE ratio of 90.03, a price-to-earnings-growth ratio of 0.93 and a beta of 0.66. The company has a current ratio of 1.29, a quick ratio of 1.55 and a debt-to-equity ratio of 0.31. Parsons has a 1 year low of $54.56 and a 1 year high of $114.68.

Parsons declared that its board has approved a share buyback program on Monday, March 24th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

PSN has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on shares of Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Truist Financial reduced their price objective on shares of Parsons from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 14th. William Blair upgraded shares of Parsons from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 18th. Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Parsons in a research note on Wednesday, February 26th. Finally, TD Cowen downgraded shares of Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Parsons presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.60.

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.