Paramount Global (PARAA) Scheduled to Post Earnings on Friday

Paramount Global (NASDAQ:PARAA) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Paramount Global to post earnings of $0.40 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:PARAA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.36. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.55 billion. Paramount Global had a negative net margin of 17.62% and a positive return on equity of 4.88%. 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 1.3 %

PARAA stock opened at $22.08 on Thursday. The company has a market cap of $14.72 billion, a P/E ratio of -2.80 and a beta of 1.66. Paramount Global has a 52 week low of $15.16 and a 52 week high of $26.34. The company’s 50-day moving average price is $21.92 and its 200 day moving average price is $21.57. The company has a current ratio of 1.30, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85.

Paramount Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Monday, December 16th. Paramount Global’s dividend payout ratio is currently -2.57%.

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.