Paramount Global (PARA) Expected to Announce Quarterly Earnings on Wednesday

Paramount Global (NASDAQ:PARA) will likely be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $8.07 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Paramount Global Stock Performance

NASDAQ PARA opened at $11.49 on Monday. The business has a 50 day moving average price of $10.75 and a 200 day moving average price of $10.71. The company has a market capitalization of $7.66 billion, a P/E ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54.

Analysts Set New Price Targets

PARA has been the topic of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a report on Monday, November 11th. StockNews.com upgraded Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley lifted their target price on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, Macquarie reiterated an “underperform” rating and issued a $10.00 target price on shares of Paramount Global in a report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.58.

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.