Paramount Global (PARA) to Release Earnings on Monday

Paramount Global (NASDAQ:PARA) is set to 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. Parties that wish to listen to the company’s conference call can do so using this link.

Paramount Global (NASDAQ:PARA) last posted its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.80 billion. Paramount Global had a negative net margin of 2.05% and a positive return on equity of 1.78%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. 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 Price Performance

NASDAQ PARA opened at $11.91 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.32 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7.77 billion, a PE ratio of -11.68, a price-to-earnings-growth ratio of 0.43 and a beta of 1.77. The company has a 50 day moving average price of $11.48 and a two-hundred day moving average price of $12.87. Paramount Global has a 12-month low of $10.12 and a 12-month high of $24.00.

Paramount Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PARA. Moffett Nathanson raised shares of Paramount Global from a “sell” rating to a “neutral” rating and set a $13.00 target price on the stock in a research report on Tuesday, January 9th. JPMorgan Chase & Co. dropped their target price on shares of Paramount Global from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th. StockNews.com raised shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Paramount Global from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, Morgan Stanley dropped their target price on shares of Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 27th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.