Parsons stock price forecast trends higher due to favorable

Parsons stock price forecast trends higher due to favorable debt-to-equity ratios, which offer flexibility for capital investments without diluting shareholder value. Because Parsons doesn't pay any regular dividends, we infer that it is retaining all of its profits, which is rather perplexing when you consider the fact that there is no earnings growth to show for it. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. Parsons ( NYSE:PSN - Get Free Report ) last issued its earnings results on Wednesday, August 6th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. Parsons had a return on equity of 12.36% and a net margin of 3.70%.The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business's quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Parsons Corporation will post 3.58 EPS for the current fiscal year. Parsons stock price forecast indicates potential breakout above $61 if defense budget allocations remain stable. Chart patterns suggest accumulation phases are pushing toward higher highs.