Parsons Corporation Stock Hits 52-Week Low Amid Mixed Results and Contract Worries

Published 1 hours agoPSN

Parsons Corporation Stock Hits 52-Week Low Amid Mixed Results and Contract Worries

Parsons Corporation is facing a stock decline due to a combination of factors, including mixed performance across its business segments. The Federal Solutions segment posted a robust 42% revenue increase, contrasting with a more modest 10% growth for its Critical Infrastructure segment, according to reports from Nasdaq.com. Despite these gains, there are concerns about the company's ability to maintain profit margins.

One area of concern comes from a slight dip in the company's adjusted EBITDA margin, which decreased to 8.5% in the fourth quarter of 2024 from 8.6% the previous year, as noted by Gurufocus.com. Furthermore, a significant challenge looms with the potential loss or renegotiation of a major contract with the U.S. State Department, which accounts for about 10% of Parsons' total revenue, according to Investing.com.

The pressure from these factors has resulted in Parsons' shares hitting a 52-week low, trading at $72.49. As reported by Investing.com, the stock currently sits at $64.96, having declined by $3.70 from the previous close. This latest market activity reflects investor apprehensions surrounding the company's current prospects and strategic challenges.

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