Paramount Global (PARA) to Release Earnings on Monday

Paramount Global (NASDAQ:PARA) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. Paramount Global had a negative net margin of 2.05% and a positive return on equity of 1.78%. The company had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.80 billion. During the same period in the prior year, the business earned $0.08 earnings per share. Paramount Global’s revenue for the quarter was down 6.1% compared to the same quarter last year. 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 NASDAQ PARA opened at $11.91 on Friday. Paramount Global has a one year low of $10.12 and a one year high of $24.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 1.17. The firm’s 50 day simple moving average is $11.48 and its two-hundred day simple moving average is $12.87. The stock has a market capitalization of $7.77 billion, a P/E ratio of -11.68, a PEG ratio of 0.43 and a beta of 1.77.

Paramount Global Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on PARA shares. Benchmark reduced their price target on shares of Paramount Global from $30.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Morgan Stanley reduced their price target on Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 27th. JPMorgan Chase & Co. decreased their price target on Paramount Global from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Wolfe Research raised Paramount Global from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 4th. Finally, Moffett Nathanson raised Paramount Global from a “sell” rating to a “neutral” rating and set a $13.00 price target on the stock in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Paramount Global currently has an average rating of “Hold” and an average target price of $13.79.

Paramount Global Company Profile

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.