Paramount Global (PARA) Scheduled to Post Quarterly Earnings on Friday

Paramount Global (NASDAQ:PARA - Get Free Report) is scheduled to release its earnings data before the market opens on Friday, November 8th. Analysts expect Paramount Global to post earnings of $0.18 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Paramount Global (NASDAQ:PARA - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.40. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.21 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 0.4 %

PARA stock traded up $0.04 during mid-day trading on Friday, hitting $10.98. 6,575,113 shares of the company were exchanged, compared to its average volume of 15,029,097. The company has a market capitalization of $7.32 billion, a PE ratio of -1.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. 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 has a twelve month low of $9.54 and a twelve month high of $17.50. The firm has a fifty day simple moving average of $10.49 and a 200 day simple moving average of $11.12.

Paramount Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given a $0.05 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.82%. Paramount Global's payout ratio is currently -2.57%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore ISI cut their price objective on shares of Paramount Global from $13.00 to $11.50 and set an "in-line" rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. cut their price objective on shares of Paramount Global from $12.00 to $11.00 and set an "underweight" rating on the stock in a research report on Thursday, August 15th. Benchmark reiterated a "buy" rating and issued a $19.00 price objective on shares of Paramount Global in a research report on Friday, August 9th. Wolfe Research downgraded shares of Paramount Global from a "peer perform" rating to an "underperform" rating and set a $10.00 price objective on the stock. in a research report on Tuesday, July 9th. Finally, StockNews.com downgraded shares of Paramount Global from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Nine research 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 presently has an average rating of "Hold" and an average target price of $12.33.

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.