Parsons (PSN) to Release Quarterly Earnings on Tuesday

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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.

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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.

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