Parsons (PSN) Expected to Announce Earnings on Wednesday

Parsons (NYSE:PSN) is anticipated to issue its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $1.6071 billion for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 8:00 AM ET.

Parsons (NYSE:PSN) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Parsons had a return on equity of 11.52% and a net margin of 3.62%.Parsons’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, analysts expect Parsons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Parsons Stock Performance

NYSE PSN opened at $55.17 on Wednesday. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.75 and a beta of 0.66. The stock has a 50-day moving average of $54.85 and a 200 day moving average of $58.76. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.55. Parsons has a twelve month low of $46.88 and a twelve month high of $89.50.

Analysts Set New Price Targets

PSN has been the subject of a number of recent analyst reports. Weiss Ratings cut Parsons from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Robert W. Baird reiterated a “neutral” rating and set a $60.00 target price on shares of Parsons in a research report on Monday, April 13th. Zacks Research raised shares of Parsons from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. KeyCorp lowered shares of Parsons from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 14th. Finally, Barclays cut their price target on shares of Parsons from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.82.

Insiders Place Their Bets

In other news, CEO Carey A. Smith bought 12,500 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $49.97 per share, for a total transaction of $624,625.00. Following the completion of the transaction, the chief executive officer directly owned 575,376 shares in the company, valued at $28,751,538.72. The trade was a 2.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George L. Ball bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $50.00 per share, for a total transaction of $500,000.00. Following the transaction, the director owned 150,383 shares of the company’s stock, valued at approximately $7,519,150. This represents a 7.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 32,500 shares of company stock worth $1,637,325. Corporate insiders own 1.31% of the company’s stock.

Institutional Trading of Parsons

Several large investors have recently made changes to their positions in PSN. Aster Capital Management DIFC Ltd acquired a new position in Parsons in the 4th quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new stake in Parsons during the 4th quarter worth $32,000. NewEdge Advisors LLC boosted its stake in Parsons by 38.0% during the 1st quarter. NewEdge Advisors LLC now owns 959 shares of the company’s stock worth $57,000 after purchasing an additional 264 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Parsons by 176.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 828 shares of the company’s stock worth $59,000 after buying an additional 528 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Parsons by 59.6% during the fourth quarter. UMB Bank n.a. now owns 972 shares of the company’s stock worth $60,000 after buying an additional 363 shares in the last quarter. 98.02% of the stock is currently owned by hedge funds and other institutional investors.

Parsons Company Profile

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.