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

Paramount Global (NASDAQ:PARA) is anticipated to issue its quarterly earnings data 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 that are interested in participating in the company’s conference call can do so using this link.

Paramount Global Price Performance

PARA stock opened at $11.49 on Monday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.69. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. Paramount Global has a 12-month low of $9.54 and a 12-month high of $14.54. The company’s fifty day simple moving average is $10.75 and its 200 day simple moving average is $10.71.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PARA. Macquarie reissued an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. Morgan Stanley upped their price target on shares of Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Six investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.58.

About Paramount Global

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.