PSN - Parsons Corp Stock Price, Fair Value and News

76.74USD-1.84 (-2.34%)Market Closed

Market Summary

USD76.74-1.84

Market Closed

-2.34%

PSN Alerts

Big jump in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

PSN Stock Price

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PSN RSI Chart

PSN Valuation

Market Cap

11.3B

Price/Earnings (Trailing)

398.76

Price/Sales (Trailing)

1.94

EV/EBITDA

48.9

Price/Free Cashflow

31.88

PSN Price/Sales (Trailing)

PSN Profitability

EBT Margin

1.60%

Return on Equity

1.26%

Return on Assets

0.55%

Free Cashflow Yield

3.14%

PSN Fundamentals

PSN Revenue

Revenue (TTM)

5.8B

Rev. Growth (Yr)

30.87%

Rev. Growth (Qtr)

2.77%

PSN Earnings

Earnings (TTM)

28.2M

Earnings Growth (Yr)

-520.13%

Earnings Growth (Qtr)

-339.06%

Breaking Down PSN Revenue

Last 7 days

-3.6%

Last 30 days

-4.6%

Last 90 days

13.8%

Trailing 12 Months

73.1%

How does PSN drawdown profile look like?

PSN Financial Health

Current Ratio

1.79

Debt/Equity

0.56

Debt/Cashflow

0.28

PSN Investor Care

Shares Dilution (1Y)

39.95%

Diluted EPS (TTM)

0.18

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	5.8B	0	0	0
2023	4.4B	4.8B	5.1B	5.4B
2022	3.7B	3.9B	4.0B	4.2B
2021	3.8B	3.7B	3.7B	3.7B
2020	4.0B	4.0B	4.0B	3.9B
2019	3.7B	3.8B	3.8B	4.0B
2018	3.2B	3.3B	3.4B	3.6B
2017	0	0	0	3.0B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Parsons Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 16, 2024	ball george l.	acquired	-	-	2,179	-
Apr 16, 2024	lord ellen m.	acquired	-	-	2,179	-
Apr 16, 2024	vautrinot suzanne m	acquired	-	-	2,179	-
Apr 16, 2024	mitchell m christian	acquired	-	-	2,179	-
Apr 16, 2024	long letitia a	acquired	-	-	2,179	-
Apr 16, 2024	mcmahon harry t.	acquired	-	-	2,179	-
Apr 16, 2024	leer steven f	acquired	-	-	2,179	-
Apr 16, 2024	holdsworth mark keith	acquired	-	-	2,179	-
Apr 16, 2024	mcdew darren w	acquired	-	-	2,179	-
Apr 16, 2024	wajsgras david c	acquired	-	-	2,179	-

Which funds bought or sold PSN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	DIMENSIONAL FUND ADVISORS LP	reduced	-2.3	25,548,700	112,956,000	0.03%
May 10, 2024	CITIGROUP INC	added	118	1,574,980	2,410,780	-%
May 10, 2024	LPL Financial LLC	added	9.41	994,003	3,216,880	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	reduced	-8.36	2,684,640	15,341,300	-%
May 10, 2024	JPMORGAN CHASE & CO	added	41.28	12,134,300	26,102,000	-%
May 10, 2024	PRINCIPAL SECURITIES, INC.	new	-	11,447	11,447	-%
May 10, 2024	OAK ASSOCIATES LTD /OH/	unchanged	-	582,709	2,388,130	0.17%
May 10, 2024	ACADIAN ASSET MANAGEMENT LLC	added	123	323,000	488,000	-%
May 10, 2024	Lynwood Capital Management Inc.	new	-	99,540	99,540	0.59%
May 10, 2024	MACKENZIE FINANCIAL CORP	added	1.59	37,792,000	147,719,000	0.21%

Are Funds Buying or Selling PSN?

Are funds buying PSN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PSN

No. of Funds

Unveiling Parsons Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 05, 2024	newport trust company, llc	56.24%	58,993,973	SC 13G/A
Feb 10, 2023	newport trust co	60.47%	62,588,623	SC 13G/A
Feb 11, 2022	newport trust co	67.22%	68,737,336	SC 13G/A
Feb 11, 2021	newport trust co	74.60%	75,143,538	SC 13G/A
Feb 11, 2020	newport trust co	78.16%	77,579,243	SC 13G

Recent SEC filings of Parsons Corp

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 22, 2024	8-K	Current Report
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading

Peers (Alternatives to Parsons Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ACN	193.4B	64.6B	-2.52%	10.92%	27.5	2.99	2.26%	1.32%
IBM	153.6B	62.1B	-8.09%	36.37%	18.78	2.48	2.45%	346.26%
CTSH	33.7B	19.3B	-2.02%	10.06%	16.13	1.75	-0.58%	-9.32%
CDW	29.9B	21.1B	-8.54%	30.50%	27.38	1.41	-7.67%	-0.37%
BR	23.4B	6.4B	-0.51%	27.98%	33.44	3.65	7.68%	26.07%
MID-CAP
CACI	9.5B	7.3B	15.56%	38.54%	24.11	1.29	10.28%	6.24%
EXLS	4.9B	1.7B	0.96%	0.86%	27.13	2.96	12.34%	15.10%
ASGN	4.6B	4.4B	4.00%	53.36%	21.92	1.04	-5.37%	-17.11%
DXC	3.6B	13.9B	-3.84%	-14.65%	-7.68	0.26	-6.57%	-164.76%
XRX	1.7B	6.7B	-19.05%	-3.60%	-9.26	0.25	-6.72%	6.15%
SMALL-CAP
CTG	1.7B	302.0M	13.51%	1571.97%	2.8K	4.93	-16.01%	-96.16%
CNDT	806.1M	3.7B	23.12%	38.25%	-2.72	0.22	-2.41%	-62.64%
GDYN	778.2M	312.6M	-6.70%	20.21%	344.8	2.49	-2.04%	106.54%
DMRC	512.5M	36.9M	2.35%	-9.17%	-12.13	13.87	20.62%	24.62%
CSPI	132.4M	62.1M	-21.70%	26.48%	24.34	2.13	0.80%	60.81%

Parsons Corp News

Latest updates

Parsons Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.8%	1,536	1,494	1,419	1,356	1,173	1,103	1,134	1,009	949	951	956	879	875	964	1,004	979	971	1,037	1,023	990	904
S&GA Expenses	-7.0%	221	238	221	212	199	195	197	200	185	190	191	188	188	192	166	188	184	200	179	225	178
EBITDA Margin	-44.2%	0.04*	0.08*	0.08*	0.08*	0.07*	0.07*	0.08*	0.08*	0.08*	0.07*	0.07*	0.08*	-	-	-	-	-	-	-	-	-
Interest Expenses	42.4%	13.00	9.00	9.00	7.00	6.00	8.00	6.00	5.00	4.00	4.00	4.00	5.00	5.00	7.00	5.00	4.00	4.00	4.00	5.00	6.00	8.00
Income Taxes	-327.1%	-32.23	14.00	15.00	15.00	12.00	12.00	14.00	6.00	8.00	5.00	9.00	4.00	5.00	10.00	16.00	12.00	5.00	-2.82	-15.45	-53.50	2.00
Earnings Before Taxes	-272.1%	-124	72.00	75.00	70.00	47.00	48.00	57.00	29.00	32.00	41.00	36.00	16.00	19.00	36.00	63.00	43.00	19.00	19.00	46.00	-13.35	15.00
EBT Margin	-67.0%	0.02*	0.05*	0.05*	0.05*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	0.03*	0.04*	-	-	-	-	-	-	-	-	-
Net Income	-339.1%	-107	45.00	47.00	43.00	26.00	28.00	30.00	18.00	21.00	29.00	19.00	7.00	9.00	22.00	41.00	23.00	13.00	14.00	57.00	40.00	10.00
Net Income Margin	-83.6%	0.00*	0.03*	0.03*	0.03*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-133.4%	-63.42	190	204	23.00	-8.99	89.00	123	51.00	-25.71	90.00	77.00	104	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	6.1%	5,098	4,804	4,733	4,508	4,256	4,198	4,095	4,110	3,809	3,831	3,824	3,839	3,865	3,938	3,919	3,451	3,489	3,450	3,363	3,255	3,033
Current Assets	13.6%	2,427	2,138	2,016	1,980	1,801	1,720	1,611	1,584	1,641	1,632	1,587	1,794	1,802	1,843	2,082	1,589	1,602	1,526	1,474	1,596	1,431
Cash Equivalents	55.0%	423	273	205	179	220	263	148	126	286	343	276	483	398	484	614	130	119	183	134	203	121
Net PPE	-0.5%	98.00	99.00	99.00	95.00	95.00	96.00	95.00	98.00	98.00	104	106	111	116	121	121	125	125	123	109	101	97.00
Goodwill	-0.1%	1,791	1,793	1,797	1,693	22.00	1,662	1,661	1,672	1,413	1,413	1,411	143	1,261	1,262	1,046	1,045	1,044	1,047	1,050	-	-
Liabilities	17.6%	2,855	2,427	2,485	2,317	2,130	2,102	2,090	2,145	1,858	1,894	1,970	1,989	2,025	2,076	2,149	1,745	1,821	1,790	1,768	1,717	2,028
Current Liabilities	-4.1%	1,354	1,411	1,394	1,295	1,140	1,108	1,149	1,099	1,009	1,031	1,061	1,077	1,111	1,187	1,247	1,131	1,151	1,144	1,156	1,110	1,189
Long Term Debt	67.1%	1,246	746	820	745	744	744	695	793	592	592	591	591	590	540	537	249	314	249	249	249	509
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	50.00	50.00	50.00	50.00	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	746	820	745	744	744	695	793	592	592	591	591	590	540	537	-	-	249	-	-	-
Shareholder's Equity	-1.9%	2,243	2,287	2,173	2,191	2,126	2,044	2,005	1,965	1,951	1,937	1,854	1,850	1,840	1,861	1,769	1,706	1,667	1,661	-	-	-
Retained Earnings	-57.2%	87.00	204	159	112	68.00	43.00	15.00	-14.56	-32.86	-53.53	-82.66	-102	-108	-120	-142	-182	-206	-218	-64.90	-424	76.00
Additional Paid-In Capital	-0.7%	2,760	2,779	2,729	2,721	2,712	2,717	2,679	2,676	2,679	2,685	2,670	2,674	2,667	2,701	2,675	2,658	2,652	2,650	9.00	-	-
Shares Outstanding	4.9%	48.00	46.00	45.00	44.00	42.00	41.00	39.00	38.00	35.00	33.00	33.00	30.00	-	-	-	-	-	-	-	-	-
Minority Interest	4.5%	93.00	90.00	75.00	71.00	62.00	52.00	52.00	36.00	32.00	36.00	30.00	37.00	44.00	48.00	42.00	39.00	32.00	31.00	28.00	37.00	32.00
Float	-	-	-	-	5,000	-	-	-	4,200	-	-	-	4,000	-	-	-	3,700	-	-	-	3,700	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-133.4%	-63,420	190,133	203,580	22,976	-8,990	89,158	123,032	51,050	-25,714	89,860	77,251	104,428	-65,965	175,722	144,883	87,539	-118,983	89,612	179,123	11,613	-60,108
Share Based Compensation	0.3%	10,523	10,493	7,894	8,986	6,992	8,017	6,633	4,460	3,898	4,643	4,183	4,155	7,206	4,190	4,612	4,180	2,252	-952	9,224	-	-
Cashflow From Investing	6.6%	-45,510	-48,725	-243,027	-63,456	-20,762	-14,791	1,160	-390,407	-13,430	-10,443	-210,622	-8,797	-11,045	-310,292	-10,255	-13,620	-12,202	-29,093	-229,502	-11,149	-301,059
Cashflow From Financing	449.5%	259,509	-74,251	66,565	-1,683	-12,502	40,183	-102,268	180,855	-18,402	-10,838	-73,406	-11,035	-11,224	3,136	345,937	-64,559	63,712	-11,266	-14,191	80,870	210,623
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-100.0%	-	3,000	-	2,000	6,000	2,500	3,952	10,000	5,548	13,000	8,701	-	-	-	-	-	-	-	-	-	-

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PSN Income Statement

2024-03-31

Consolidated Statements of Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 1,535,676	$ 1,173,466
Direct cost of contracts	1,210,827	917,188
Equity in losses of unconsolidated joint ventures	(2,060)	(5,840)
Selling, general and administrative expenses	220,945	199,308
Operating income	101,844	51,130
Interest income	1,152	793
Interest expense	(12,998)	(6,458)
Loss on extinguishment of debt	(211,018)	0
Other income (expense), net	(3,326)	1,314
Total other income (expense)	(226,190)	(4,351)
(Loss) income before income tax expense	(124,346)	46,779
Income tax benefit (expense)	32,234	(11,503)
Net (loss) income including noncontrolling interests	(92,112)	35,276
Net income attributable to noncontrolling interests	(15,243)	(9,723)
Net (loss) income attributable to Parsons Corporation	$ (107,355)	$ 25,553
(Loss) earnings per share:
Basic	$ (1.01)	$ 0.24
Diluted	$ (1.01)	$ 0.23

PSN Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents (including $84,810 and $128,761 Cash of consolidated joint ventures)	$ 423,120	$ 272,943
Accounts receivable, net (including $332,308 and $274,846 Accounts receivable of consolidated joint ventures, net)	1,023,463	915,638
Contract assets (including $8,521 and $11,096 Contract assets of consolidated joint ventures)	768,007	757,515
Prepaid expenses and other current assets (including $15,808 and $11,929 Prepaid expenses and other current assets of consolidated joint ventures)	212,664	191,430
Total current assets	2,427,254	2,137,526
Property and equipment, net (including $3,565 and $3,274 Property and equipment of consolidated joint ventures, net)	98,499	98,957
Right of use assets, operating leases (including $8,656 and $9,885 Right of use assets, operating leases of consolidated joint ventures)	145,803	159,211
Goodwill	1,791,443	1,792,665
Investments in and advances to unconsolidated joint ventures	145,043	128,204
Intangible assets, net	261,856	275,566
Deferred tax assets	157,547	140,162
Other noncurrent assets	70,998	71,770
Total assets	5,098,443	4,804,061
Current liabilities:
Accounts payable (including $33,339 and $49,234 Accounts payable of consolidated joint ventures)	274,140	242,821
Accrued expenses and other current liabilities (including $165,434 and $145,040 Accrued expenses and other current liabilities of consolidated joint ventures)	739,211	801,423
Contract liabilities (including $60,374 and $61,234 Contract liabilities of consolidated joint ventures)	282,962	301,107
Short-term lease liabilities, operating leases (including $4,445 and $4,753 Short-term lease liabilities, operating leases of consolidated joint ventures)	55,024	58,556
Income taxes payable	2,366	6,977
Total current liabilities	1,353,703	1,410,884
Long-term employee incentives	24,447	22,924
Long-term debt	1,246,443	745,963
Long-term lease liabilities, operating leases (including $4,211 and $5,132 Long-term lease liabilities, operating leases of consolidated joint ventures)	106,692	117,505
Deferred tax liabilities	9,763	9,775
Other long-term liabilities	114,238	120,295
Total liabilities	2,855,286	2,427,346
Contingencies (Note 12)
Shareholders' equity:
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,717,387 and 146,341,363 shares issued; 48,205,185 and 45,960,122 public shares outstanding; 57,998,295 and 59,879,857 ESOP shares outstanding	146,717	146,341
Treasury stock, 40,501,385 shares at cost	(827,311)	(827,311)
Additional paid-in capital	2,759,867	2,779,365
Retained earnings	87,261	203,724
Accumulated other comprehensive loss	(16,866)	(14,908)
Total Parsons Corporation shareholders' equity	2,149,668	2,287,211
Noncontrolling interests	93,489	89,504
Total shareholders' equity	2,243,157	2,376,715
Total liabilities and shareholders' equity	$ 5,098,443	$ 4,804,061

About Parsons Corp

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity; missile defense technical solutions; C5ISR; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; nuclear and chemical waste remediation; border security and critical infrastructure protection; counter unmanned air systems; and biometrics and biosurveillance solutions to U.S. Department of Defense, including military services; Missile Defense Agency, the Department of Energy; the Department of State; the Department of Homeland Security, and the Federal Aviation Administration. Further, it provides integrated traffic solutions for arterials, smart intersections, airport landside, ports, and tolling integrators; systems optimization, communications-based train control, rail system design and system assurance services; engineering, program management, and environmental solutions to private sector industrial clients and public utilities; digital transformation, advisory services, AI/ML, and digital twin and cyber services; planning, engineering, and management services for infrastructure, including bridges and tunnels, roads and highways, water and wastewater, and dams and reservoirs. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.

CEO	Ms. Carey A. Smith
WEBSITE	parsons.com
INDUSTRY	IT Services
EMPLOYEES	17000

Parsons Corp Frequently Asked Questions

What is the ticker symbol for Parsons Corp? What does PSN stand for in stocks?

PSN is the stock ticker symbol of Parsons Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Parsons Corp (PSN)?

As of Mon May 13 2024, market cap of Parsons Corp is 11.26 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PSN stock?

You can check PSN's fair value in chart for subscribers.

What is the fair value of PSN stock?

You can check PSN's fair value in chart for subscribers. The fair value of Parsons Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Parsons Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PSN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Parsons Corp a good stock to buy?

The fair value guage provides a quick view whether PSN is over valued or under valued. Whether Parsons Corp is cheap or expensive depends on the assumptions which impact Parsons Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PSN.

What is Parsons Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, PSN's PE ratio (Price to Earnings) is 398.76 and Price to Sales (PS) ratio is 1.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PSN PE ratio will change depending on the future growth rate expectations of investors.