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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Paramount Global (NASDAQ:PARA) last released its earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Paramount Global had a positive return on equity of 1.78% and a negative net margin of 2.05%. The company had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.80 billion. During the same quarter last year, the business posted $0.08 EPS. Paramount Global’s quarterly revenue 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 Trading Down 2.2 %

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 business’s 50 day moving average is $11.48 and its two-hundred day moving average is $12.87. Paramount Global has a 52 week low of $10.12 and a 52 week high of $24.00. The company has a market cap of $7.77 billion, a PE ratio of -11.68, a P/E/G ratio of 0.45 and a beta of 1.77.

Paramount Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, June 17th. Paramount Global’s dividend payout ratio (DPR) is -19.61%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PARA. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Paramount Global in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their target price 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. Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 target price on shares of Paramount Global in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft cut their target price on Paramount Global from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Benchmark cut their target price on Paramount Global from $30.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.