PSN - Parsons Corp Stock Price, Fair Value and News

78.69USD-0.25 (-0.32%)Market Closed

Market Summary

USD78.69-0.25

Market Closed

-0.32%

PSN Stock Price

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PSN RSI Chart

PSN Valuation

Market Cap

8.4B

Price/Earnings (Trailing)

51.84

Price/Sales (Trailing)

1.53

EV/EBITDA

21.24

Price/Free Cashflow

20.49

PSN Price/Sales (Trailing)

PSN Profitability

EBT Margin

4.85%

Return on Equity

7.05%

Return on Assets

3.35%

Free Cashflow Yield

4.88%

PSN Fundamentals

PSN Revenue

Revenue (TTM)

5.4B

Rev. Growth (Yr)

35.46%

Rev. Growth (Qtr)

5.33%

PSN Earnings

Earnings (TTM)

161.1M

Earnings Growth (Yr)

59.64%

Earnings Growth (Qtr)

-5.35%

Breaking Down PSN Revenue

52 Week Range

42.2378.87

(Low)(High)

Last 7 days

-1.9%

Last 30 days

-3.2%

Last 90 days

21.2%

Trailing 12 Months

70.6%

How does PSN drawdown profile look like?

PSN Financial Health

Current Ratio

1.52

Debt/Equity

0.33

Debt/Cashflow

0.55

PSN Investor Care

Shares Dilution (1Y)

1.07%

Diluted EPS (TTM)

1.42

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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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 01, 2024	wajsgras david c	acquired	-	-	391	-
Mar 01, 2024	kolloway michael richard	sold (taxes)	-117,270	80.82	-1,451	see remarks
Mar 01, 2024	ofilos matthew	sold (taxes)	-13,092	80.82	-162	chief financial officer
Mar 01, 2024	smith carey a.	sold (taxes)	-631,608	80.82	-7,815	president & ceo
Mar 01, 2024	balaguer susan m.	sold (taxes)	-42,915	80.82	-531	chief human resources officer
Feb 28, 2024	smith carey a.	sold (taxes)	-206,999	80.17	-2,582	president & ceo
Feb 28, 2024	kolloway michael richard	sold (taxes)	-100,570	81.17	-1,239	see remarks
Feb 27, 2024	kolloway michael richard	acquired	-	-	17,139	see remarks
Feb 27, 2024	balaguer susan m.	sold (taxes)	-204,733	80.54	-2,542	chief human resources officer
Feb 27, 2024	smith carey a.	acquired	-	-	82,934	president & ceo

Which funds bought or sold PSN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 15, 2024	Brookstone Capital Management	unchanged	-	176,473	723,241	0.01%
Apr 15, 2024	Legato Capital Management LLC	reduced	-37.56	-188,050	891,879	0.11%
Apr 15, 2024	OLD NATIONAL BANCORP /IN/	reduced	-32.87	-26,557	210,361	-%
Apr 15, 2024	Sound Income Strategies, LLC	sold off	-100	-1,630	-	-%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-1,505	-	-%
Apr 11, 2024	CHURCHILL MANAGEMENT Corp	reduced	-0.4	1,347,630	5,593,070	0.07%
Apr 11, 2024	Royal Fund Management, LLC	unchanged	-	66,306	271,744	0.03%
Apr 11, 2024	Clarus Wealth Advisors	reduced	-19.17	-4,074	208,863	0.12%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	added	339	163,163	197,090	0.01%
Apr 10, 2024	Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.	new	-	7,070,990	7,070,990	1.61%

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
Apr 02, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	ARS	ARS
Mar 05, 2024	DEF 14A	DEF 14A
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 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	197.1B	64.6B	-16.20%	12.12%	28.04	3.05	2.26%	1.32%
IBM	168.5B	61.9B	-3.80%	43.80%	22.46	2.72	2.20%	357.72%
CTSH	33.8B	19.4B	-9.82%	11.82%	15.91	1.75	-0.39%	-7.16%
CDW	32.2B	21.4B	-2.24%	27.04%	29.17	1.51	-9.99%	-0.92%
BR	22.8B	6.3B	-3.29%	32.57%	33.35	3.61	8.37%	28.40%
MID-CAP
CACI	8.2B	7.1B	-1.65%	18.27%	21.58	1.15	10.03%	3.79%
EXLS	4.9B	1.6B	-1.27%	-11.98%	26.47	3	15.48%	29.09%
ASGN	4.4B	4.5B	-7.40%	18.45%	20.1	0.99	-2.85%	-18.20%
DXC	3.7B	13.9B	-3.20%	-22.14%	-7.86	0.26	-6.57%	-164.76%
XRX	2.0B	6.9B	-1.46%	9.83%	2.0K	0.29	-3.11%	100.31%
SMALL-CAP
CTG	1.5B	302.0M	32.14%	1272.40%	2.8K	4.93	-16.01%	-96.16%
GDYN	800.0M	312.9M	-16.23%	-16.43%	-453.26	2.56	0.78%	93.96%
CNDT	648.8M	3.7B	-5.79%	-10.69%	-2.19	0.17	-3.53%	-62.64%
DMRC	468.4M	34.9M	-14.83%	29.14%	-10.19	13.44	15.41%	23.14%
CSPI	164.9M	61.7M	-17.49%	18.40%	39.55	2.67	2.22%	29.66%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.3%	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	929
S&GA Expenses	7.4%	238	221	212	199	195	197	200	185	190	191	188	188	192	166	188	184	200	179	225	178	175
EBITDA Margin	-0.6%	0.08*	0.08*	0.08*	0.07*	0.07*	0.08*	0.08*	0.08*	0.07*	0.07*	0.08*	0.08*	-	-	-	-	-	-	-	-	-
Interest Expenses	6.0%	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	6.00
Income Taxes	-6.7%	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	2.00
Earnings Before Taxes	-3.7%	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	16.00
EBT Margin	2.0%	0.05*	0.05*	0.05*	0.04*	0.04*	0.04*	0.04*	0.03*	0.03*	0.03*	0.04*	0.04*	-	-	-	-	-	-	-	-	-
Net Income	-5.4%	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	7.00
Net Income Margin	3.6%	0.03*	0.03*	0.03*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-6.6%	190	204	23.00	-8.99	89.00	123	51.00	-25.71	90.00	77.00	104	-65.96	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.5%	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	2,613
Current Assets	6.1%	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	1,489
Cash Equivalents	32.9%	273	205	179	220	263	148	126	286	343	276	483	398	484	614	130	119	183	134	203	121	280
Net PPE	-0.4%	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	92.00
Goodwill	-0.3%	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	-2.3%	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	1,657
Current Liabilities	1.2%	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	1,006
Long Term Debt	-9.1%	746	820	745	744	744	695	793	592	592	591	591	590	540	537	249	314	249	249	249	509	429
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	50.00	50.00	50.00	50.00	-	-	-	-	-	-	-
LT Debt, Non Current	-9.1%	746	820	745	744	744	695	793	592	592	591	591	590	540	537	-	-	249	-	-	-	-
Shareholder's Equity	5.3%	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	28.2%	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	12.00
Additional Paid-In Capital	1.8%	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	1.8%	46.00	45.00	44.00	42.00	41.00	39.00	38.00	35.00	33.00	33.00	30.00	27.00	-	-	-	-	-	-	-	-	-
Minority Interest	18.8%	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	46.00
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-6.6%	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	184,812
Share Based Compensation	32.9%	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	80.0%	-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	342
Cashflow From Financing	-211.5%	-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	-117,723
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-	3,000	-	2,000	6,000	2,500	3,952	10,000	5,548	13,000	8,701	-	-	-	-	-	-	-	-	-	-	-

PSN Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 5,442,749	$ 4,195,272	$ 3,660,771
Direct cost of contracts	4,236,735	3,248,550	2,807,950
Equity in (losses) earnings of unconsolidated joint ventures	(47,751)	16,347	36,862
Selling, general and administrative expenses	869,905	777,403	757,237
Operating income	288,358	185,666	132,446
Interest income	2,191	966	396
Interest expense	(31,497)	(23,185)	(17,697)
Other income (expense), net	5,001	2,775	(2,557)
Total other (expense) income	(24,305)	(19,444)	(19,858)
Income before income tax expense	264,053	166,222	112,588
Income tax expense	(56,138)	(39,657)	(23,636)
Net income including noncontrolling interests	207,915	126,565	88,952
Net income attributable to noncontrolling interests	(46,766)	(29,901)	(24,880)
Net income attributable to Parsons Corporation	$ 161,149	$ 96,664	$ 64,072
Earnings per share:
Basic earnings per share	$ 1.53	$ 0.93	$ 0.62
Diluted earnings per share	$ 1.42	$ 0.87	$ 0.59

PSN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents (including $128,761 and $53,193 Cash consolidated joint ventures)	$ 272,943	$ 262,539
Accounts receivable, net (including $274,846 and $217,419 Accounts receivable of consolidated joint ventures, net)	915,638	717,345
Contract assets (including $11,096 and $11,313 Contract assets of consolidated joint ventures)	757,515	634,033
Prepaid expenses and other current assets (including $11,929 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	191,430	105,866
Total current assets	2,137,526	1,719,783
Property and equipment, net (including $3,274 and $2,543 Property and equipment of consolidated joint ventures, net)	98,957	96,050
Right of use assets, operating leases (including $9,885 and $6,315 Right of use assets, operating leases of consolidated joint ventures)	159,211	155,090
Goodwill	1,792,665	1,661,850
Investments in and advances to unconsolidated joint ventures	128,204	107,425
Intangible assets, net	275,566	254,127
Deferred tax assets	140,162	137,709
Other noncurrent assets	71,770	66,108
Total assets	4,804,061	4,198,142
Current liabilities:
Accounts payable (including $49,234 and $49,078 Accounts payable of consolidated joint ventures)	242,821	201,428
Accrued expenses and other current liabilities (including $145,040 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	801,423	630,193
Contract liabilities (including $61,234 and $40,654 Contract liabilities of consolidated joint ventures)	301,107	213,064
Short-term lease liabilities, operating leases (including $4,753 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	58,556	59,144
Income taxes payable	6,977	4,290
Total current liabilities	1,410,884	1,108,119
Long-term employee incentives	22,924	17,375
Long-term debt	745,963	743,605
Long-term lease liabilities, operating leases (including $5,132 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures)	117,505	111,417
Deferred tax liabilities	9,775	12,471
Other long-term liabilities	120,295	109,220
Total liabilities	2,427,346	2,102,207
Contingencies (Note 14)
Shareholders' equity:
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,341,363 and 146,132,016 shares issued; 45,960,122 and 40,960,845 public shares outstanding; 59,879,857 and 63,742,151 ESOP shares outstanding	146,341	146,132
Treasury stock, 40,501,385 shares at cost	(827,311)	(844,936)
Additional paid-in capital	2,779,365	2,717,134
Retained earnings	203,724	43,089
Accumulated other comprehensive loss	(14,908)	(17,849)
Total Parsons Corporation shareholders' equity	2,287,211	2,043,570
Noncontrolling interests	89,504	52,365
Total shareholders' equity	2,376,715	2,095,935
Total liabilities and shareholders' equity	$ 4,804,061	$ 4,198,142

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 Tue Apr 16 2024, market cap of Parsons Corp is 8.35 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 Tue Apr 16 2024, PSN's PE ratio (Price to Earnings) is 51.84 and Price to Sales (PS) ratio is 1.53. 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.