Barclays has initiated coverage on Parsons Corp (PSN), assigning the company an Overweight rating. This marks the firm's first assessment of Parsons, reflecting its analysis of the business, industry dynamics, and growth prospects.
Headquartered in Centreville, Virginia, Parsons Corp is a disruptive technology provider in the national security and global infrastructure markets. The company employs approximately 19,600 full-time employees and operates across various sectors, including cyber and intelligence, space and missile defense, and environmental remediation. With a market capitalization of $7.1 billion and a P/E ratio of 18.45, Parsons reported an earnings per share (EPS) of $3.31 for the trailing twelve months.
Looking ahead, Parsons is set to announce its next earnings report on August 4, 2026, with an estimated EPS of $0.84 and expected revenue of $1.7 billion. This update provides insight into the company's positioning as it navigates a competitive landscape.
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