Paramount Global (NASDAQ:PARA – Get Free Report) is set to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Paramount Global to post earnings of $0.18 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Paramount Global (NASDAQ:PARA – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.40. Paramount Global had a negative net margin of 17.62% and a positive return on equity of 4.88%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.21 billion. On average, analysts expect Paramount Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Paramount Global Stock Up 2.6 %
NASDAQ:PARA opened at $11.38 on Thursday. The firm has a market cap of $7.59 billion, a PE ratio of -1.42, a price-to-earnings-growth ratio of 1.63 and a beta of 1.74. The company has a 50-day moving average of $10.48 and a 200 day moving average of $11.12. Paramount Global has a 1-year low of $9.54 and a 1-year high of $17.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.15.
Paramount Global Dividend Announcement
Wall Street Analyst Weigh In
Several analysts have commented on PARA shares. Guggenheim decreased their price target on shares of Paramount Global from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Benchmark reissued a “buy” rating and set a $19.00 price target on shares of Paramount Global in a research report on Friday, August 9th. StockNews.com lowered shares of Paramount Global from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price objective on shares of Paramount Global from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, August 15th. Finally, Wells Fargo & Company upgraded shares of Paramount Global from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $10.00 to $11.00 in a report on Friday, August 9th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.57.
Check Out Our Latest Research Report on Paramount Global
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.
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