Parsons Corp

Company Profile

Parsons Corp had its IPO on 2019-05-08 under the ticker symbol PSN.

The company operates in the Technology sector and Information Technology Services industry. Parsons Corp has a staff strength of 17,000 employees.

Stock update

Shares of Parsons Corp opened at $54.7 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $54.33 - $55.72, and closed at $55.71.

This is a +1.64% increase from the previous day's closing price.

A total volume of 878,545 shares were traded at the close of the day’s session.

In the last one week, shares of Parsons Corp have slipped by -2.59%.

Parsons Corp's Key Ratios

Parsons Corp has a market cap of $6.00 billion, indicating a price to book ratio of 2.5098 and a price to sales ratio of 1.203.

In the last 12-months Parsons Corp’s revenue was $4.77 billion with a gross profit of $946.72 million and an EBITDA of $359.33 million. The EBITDA ratio measures Parsons Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Parsons Corp’s operating margin was 5.14% while its return on assets stood at 3.56% with a return of equity of 8.18%.

In Q2, Parsons Corp’s quarterly earnings growth was a positive 129.5% while revenue growth was a positive 34.5%.

Parsons Corp’s PE and PEG Ratio

Forward PE

14.9254

Trailing PE

50.6106

PEG

Its diluted EPS in the last 12-months stands at $1.13 per share while it has a forward price to earnings multiple of 14.9254 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Parsons Corp’s profitability.

Parsons Corp stock is trading at a EV to sales ratio of 1.3924 and a EV to EBITDA ratio of 18.3617. Its price to sales ratio in the trailing 12-months stood at 1.203.

Parsons Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$4.51 billion

Total Liabilities

$1.29 billion

Operating Cash Flow

$-84218000.00

Capital Expenditure

$9.81 million

Dividend Payout Ratio

0%

Parsons Corp ended 2024 with $4.51 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.51 billion while shareholder equity stood at $2.12 billion.

Parsons Corp ended 2024 with $0 in deferred long-term liabilities, $1.29 billion in other current liabilities, 146312000.00 in common stock, $111.51 million in retained earnings and $1.69 billion in goodwill. Its cash balance stood at $178.59 million and cash and short-term investments were $178.59 million. The company’s total short-term debt was $57,085,000 while long-term debt stood at $744.78 million.

Parsons Corp’s total current assets stands at $1.98 billion while long-term investments were $118.86 million and short-term investments were $0. Its net receivables were $1.66 billion compared to accounts payable of $237.23 million and inventory worth $0.

In 2024, Parsons Corp's operating cash flow was $-84218000.00 while its capital expenditure stood at $9.81 million.

Comparatively, Parsons Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$55.71

52-Week High

$57.49

52-Week Low

$38.67

Analyst Target Price

$60.78

Parsons Corp stock is currently trading at $55.71 per share. It touched a 52-week high of $57.49 and a 52-week low of $57.49. Analysts tracking the stock have a 12-month average target price of $60.78.

Its 50-day moving average was $52.36 and 200-day moving average was $47 The short ratio stood at 5.39 indicating a short percent outstanding of 0%.

Around 95.9% of the company’s stock are held by insiders while 10096.5% are held by institutions.