Paramount Global (PARAA) to Release Quarterly Earnings on Friday

Paramount Global (NASDAQ:PARAA - Get Free Report) will release its earnings data before the market opens on Friday, November 8th. Analysts expect Paramount Global to post earnings of $0.40 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Paramount Global (NASDAQ:PARAA - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.36. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.55 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 Performance

Paramount Global stock traded down $0.11 on Friday, hitting $21.78. The company's stock had a trading volume of 38,648 shares, compared to its average volume of 69,850. The firm has a market cap of $14.52 billion, a P/E ratio of -2.82 and a beta of 1.66. The company has a quick ratio of 1.15, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $22.06 and a 200-day moving average price of $21.55. Paramount Global has a one year low of $14.05 and a one year high of $26.34.

Paramount Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.92%. The ex-dividend date is Monday, December 16th. Paramount Global's dividend payout ratio (DPR) is presently -2.57%.

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.