Market view in daily routine: Parsons Corporation (NYSE: PSN)

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On Friday, Parsons Corporation (NYSE: PSN) spotted trading -14.49% off 52-week high price. On the other end, the stock has been noted 57.36% away from the low price over the last 52-weeks. The stock changed 3.33% to recent value of $38.82. The stock transacted 258898 shares during most recent day however it has an average volume of 273.06K shares. The company has 105.05M of outstanding shares and 100.6M shares were floated in the market.

Parsons Corporation (PSN) recently reported financial results for the fourth quarter and year ended December 31, 2019.

Fourth Quarter 2019 Results

Total revenue for the fourth quarter of 2019 increased to $1B, a 12% increase over the previous year period and represents a new company record. Operating income was relatively equal to the fourth quarter of 2018 despite an additional $17M of IPO-related long-term incentive compensation expenses and $9M of increased acquisition-related intangible amortization expenses. Net income increased 84% over the previous year period to $14M, and net income margin increased 50 basis points to 1.3%. Diluted earnings per share (EPS) attributable to Parsons was $0.14 in the fourth quarter of 2019 contrast to $0.10 in the fourth quarter of 2018.

Adjusted EBITDA including non controlling interests for the fourth quarter of 2019 increased 62% over the previous year period to $88M. Adjusted EBITDA margin increased 260 basis points to 8.5% due to higher margins in both business sections.

Adjusted EPS increased to $0.48, contrast to $0 .40 in the fourth quarter of 2018.

Fiscal Year 2019 Results

Total revenue for fiscal year 2019 increased to $4B , an 11% increase over fiscal year 2018 and represents a new company record. Operating income reduced $113M in fiscal year 2019 primarily Because of a portion of a non-recurring gain associated with a legal matter decided in the Company’s favor in fiscal year 2018, additional IPO-related long-term incentive compensation expenses, acquisition-related intangible amortization expenses and transaction-related costs, offset by income from acquisitions and increased margins on existing contracts. Net income reduced 46% over the previous year to $121M, and net income margin reduced 320 basis points to 3%. Diluted earnings per share (EPS) attributable to Parsons reduced to $1.30 primarily Because of the same factors as described above, additional shares issued in the Company’s IPO, and the remaining amount of income associated with the above-mentioned legal matter. These factors were partially offset by income tax benefits associated with the establishment of $94M of deferred tax assets during fiscal 2019 resulting from Parsons’ conversion from an S-Corporation to a C-Corporation and increased margins on existing contracts.

Adjusted EBITDA including non controlling interests for fiscal year 2019 increased 32% over the previous year period to $325M . Adjusted EBITDA margin increased 130 basis points to 8.2%Because of higher margins in both business sections.

Adjusted EPS increased to $2.04, contrast to $1 .99 in fiscal year 2018.

 Its earnings per share (EPS) expected to touch remained -43.50% for this year while earning per share for the next 5-years is expected to reach at # ref. PSN has a gross margin of 21.00% and an operating margin of 2.30% while its profit margin remained 3.00% for the last 12 months.   According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.91% from the mean of 20 days, 14.03% from mean of 50 days SMA and performed 4.80% from mean of 200 days price. Company’s performance for the week was 8.31%, 13.31% for month and YTD performance remained -5.96%.

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