Parsons (PSN) to Release Quarterly Earnings on Tuesday

Share on StockTwits

Parsons (NYSE:PSN) is set to release its earnings data before the market opens on Tuesday, June 18th. Analysts expect Parsons to post earnings of $0.11 per share for the quarter.

Shares of NYSE:PSN opened at $31.65 on Monday. Parsons has a 1-year low of $29.03 and a 1-year high of $33.67.

In related news, CFO George L. Ball purchased 25,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average price of $29.40 per share, for a total transaction of $735,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Parsons in a research note on Monday, June 3rd. They issued an “equal weight” rating and a $35.00 target price for the company. Bank of America assumed coverage on shares of Parsons in a research note on Monday, June 3rd. They issued a “neutral” rating for the company. Goldman Sachs Group assumed coverage on shares of Parsons in a research note on Monday, June 3rd. They issued a “buy” rating and a $43.00 target price for the company. Cowen assumed coverage on shares of Parsons in a research note on Monday, June 3rd. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Wells Fargo & Co assumed coverage on shares of Parsons in a research note on Monday, June 3rd. They issued an “outperform” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Parsons presently has an average rating of “Buy” and an average target price of $37.17.

ILLEGAL ACTIVITY NOTICE: This report was posted by Zolmax and is the sole property of of Zolmax. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://zolmax.com/investing/parsons-psn-to-release-quarterly-earnings-on-tuesday/3116383.html.

About Parsons

Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates in two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity software and engineering services, hardware prototyping, and other technical services to the U.S.

Further Reading: What is Depreciation?

Receive News & Ratings for Parsons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsons and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

RTW Retailwinds Inc  Short Interest Down 8.6% in June
RTW Retailwinds Inc Short Interest Down 8.6% in June
Zacks: Brokerages Set $35.00 Price Target for TTEC Holdings Inc
Zacks: Brokerages Set $35.00 Price Target for TTEC Holdings Inc
Minerals Technologies Inc  Receives Average Rating of “Buy” from Analysts
Minerals Technologies Inc Receives Average Rating of “Buy” from Analysts
Stitch Fix Inc  Receives Consensus Recommendation of “Hold” from Analysts
Stitch Fix Inc Receives Consensus Recommendation of “Hold” from Analysts
Analysts Set $30.00 Price Target for RGC Resources Inc.
Analysts Set $30.00 Price Target for RGC Resources Inc.
SunCoke Energy Inc  Sees Large Growth in Short Interest
SunCoke Energy Inc Sees Large Growth in Short Interest


 
© 2006-2019 Zolmax.