Paramount Global (PARA) to Release Quarterly Earnings on Wednesday

Paramount Global (NASDAQ:PARA - Get Free Report) is projected 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. Parties interested in listening to the company's conference call can do so using this link.

Paramount Global Stock Performance

Paramount Global stock traded up $0.02 on Friday, hitting $11.49. The company's stock had a trading volume of 10,472,102 shares, compared to its average volume of 9,005,361. The firm has a market cap of $7.66 billion, a P/E ratio of -1.40, a price-to-earnings-growth 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. The company has a fifty day moving average price of $10.74 and a 200-day moving average price of $10.70. Paramount Global has a one year low of $9.54 and a one year high of $14.54.

Analysts Set New Price Targets

PARA has been the topic of several analyst reports. StockNews.com raised shares of Paramount Global from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Needham & Company LLC reissued a "hold" rating on shares of Paramount Global in a report on Monday, November 11th. Macquarie reaffirmed an "underperform" rating and issued a $10.00 target price on shares of Paramount Global in a report on Monday, November 11th. Finally, Morgan Stanley upped their target price on shares of Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Paramount Global presently has an average rating of "Hold" and an average 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.