Paramount Global (PARA) to Release Earnings on Monday

Paramount Global (NASDAQ:PARA) will release its earnings data after the market closes on Monday, April 29th. Analysts expect Paramount Global to post earnings of $0.31 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Paramount Global (NASDAQ:PARA) last announced its earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. The business had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.80 billion. Paramount Global had a positive return on equity of 1.78% and a negative net margin of 2.05%. Paramount Global’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. On average, analysts expect Paramount Global to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Paramount Global Stock Down 2.2 %

Shares of PARA opened at $11.91 on Friday. The company has a market capitalization of $7.77 billion, a P/E ratio of -11.68, a PEG ratio of 0.45 and a beta of 1.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 1.17. Paramount Global has a one year low of $10.12 and a one year high of $24.00. The business’s 50 day simple moving average is $11.48 and its 200-day simple moving average is $12.87.

Paramount Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, June 17th. Paramount Global’s payout ratio is currently -19.61%.

Analysts Set New Price Targets

PARA has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Paramount Global from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Paramount Global from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Benchmark reduced their price objective on Paramount Global from $30.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Paramount Global in a report on Tuesday, April 9th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.79.

About Paramount Global

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.