Parsons (NYSE:PSN) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Parsons (NYSE:PSN) released its earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.28), Zacks reports. Parsons had a net margin of 1.21% and a return on equity of 12.74%. Parsons updated its FY 2025 guidance to EPS.

Parsons Trading Down 0.0 %

PSN opened at $73.43 on Wednesday. The firm’s 50 day moving average is $88.41 and its 200-day moving average is $95.97. Parsons has a 52-week low of $72.12 and a 52-week high of $114.68. 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 firm has a market capitalization of $7.80 billion, a P/E ratio of 111.26, a P/E/G ratio of 1.11 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial lowered their price objective 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 lowered their price target on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird raised their price objective on Parsons from $103.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. TD Cowen decreased their target price on Parsons from $117.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group cut their price target on shares of Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Parsons currently has an average rating of “Moderate Buy” and a consensus price target 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.