Paramount Global (PARAA) Set to Announce Quarterly Earnings on Monday

Paramount Global (NASDAQ:PARAA) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of 0.25 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Paramount Global (NASDAQ:PARAA) last issued its earnings results on Wednesday, February 28th. The company reported 0.04 earnings per share for the quarter, missing analysts’ consensus estimates of 0.08 by -0.04. 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 7.89 billion. During the same quarter in the prior year, the company posted $0.08 EPS. On average, analysts expect Paramount Global to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paramount Global Price Performance

PARAA stock opened at 22.37 on Friday. Paramount Global has a 52 week low of 13.40 and a 52 week high of 27.23. 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 company has a fifty day simple moving average of 21.71 and a two-hundred day simple moving average of 19.51. The firm has a market capitalization of $14.60 billion, a P/E ratio of -21.93 and a beta of 1.67.

Paramount Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.20 annualized dividend and a yield of 0.89%. Paramount Global’s dividend payout ratio (DPR) is currently -19.61%.

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.