Barrington Research Has Negative View of PARA Q1 Earnings

Paramount Global (NASDAQ:PARA - Free Report) - Investment analysts at Barrington Research cut their Q1 2025 earnings estimates for Paramount Global in a research report issued on Monday, November 11th. Barrington Research analyst J. Goss now expects that the company will earn $0.50 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for Paramount Global's current full-year earnings is $1.78 per share. Barrington Research also issued estimates for Paramount Global's FY2025 earnings at $1.28 EPS.

Paramount Global (NASDAQ:PARA - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.25. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The company's quarterly revenue was down 5.6% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Paramount Global from a "sell" rating to a "hold" rating in a report on Monday. Guggenheim reduced their price target on shares of Paramount Global from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Wells Fargo & Company raised shares of Paramount Global from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $10.00 to $11.00 in a report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Paramount Global from $12.00 to $11.00 and set an "underweight" rating for the company in a report on Thursday, August 15th. Finally, Macquarie reiterated an "underperform" rating and set a $10.00 price target on shares of Paramount Global in a research note on Monday. Eight analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Paramount Global has a consensus rating of "Hold" and an average price target of $12.40.

Paramount Global Stock Performance

Shares of NASDAQ PARA traded down $0.29 during trading on Wednesday, reaching $11.16. 12,005,286 shares of the company traded hands, compared to its average volume of 14,876,738. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $11.09. Paramount Global has a 52-week low of $9.54 and a 52-week high of $17.50. The stock has a market capitalization of $7.44 billion, a PE ratio of -1.36, a P/E/G ratio of 1.44 and a beta of 1.74.

Paramount Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.79%. Paramount Global's dividend payout ratio is currently -2.43%.

Institutional Trading of Paramount Global

Several hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Paramount Global by 3.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,682 shares of the company's stock valued at $291,000 after purchasing an additional 934 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in Paramount Global by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 19,940 shares of the company's stock valued at $207,000 after purchasing an additional 1,002 shares during the period. Carson Advisory Inc. boosted its holdings in shares of Paramount Global by 1.9% in the 3rd quarter. Carson Advisory Inc. now owns 54,364 shares of the company's stock worth $577,000 after purchasing an additional 1,004 shares during the period. Prestige Wealth Management Group LLC increased its position in shares of Paramount Global by 13.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 8,648 shares of the company's stock valued at $90,000 after purchasing an additional 1,011 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Paramount Global by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,742 shares of the company's stock valued at $60,000 after buying an additional 1,067 shares during the period. 73.00% of the stock is owned by hedge funds and other institutional investors.

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.