Seaport Res Ptn Brokers Reduce Earnings Estimates for PARAA

Paramount Global (NASDAQ:PARAA - Free Report) - Investment analysts at Seaport Res Ptn reduced their Q1 2025 earnings per share (EPS) estimates for Paramount Global in a research note issued on Thursday, February 27th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $0.78 per share for the quarter, down from their prior forecast of $1.10. The consensus estimate for Paramount Global's current full-year earnings is $2.25 per share. Seaport Res Ptn also issued estimates for Paramount Global's Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $2.41 EPS and FY2026 earnings at $2.91 EPS.

Paramount Global Trading Up 0.4 %

NASDAQ PARAA traded up $0.08 on Monday, reaching $22.72. The company had a trading volume of 11,578 shares, compared to its average volume of 24,620. The stock's 50 day moving average is $22.59 and its 200-day moving average is $22.40. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of -2.76 and a beta of 1.57. 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 52 week low of $16.59 and a 52 week high of $26.34.

Paramount Global (NASDAQ:PARAA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.27). The company had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%.

Remove Ads

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming grew its stake in Paramount Global by 97.9% in the fourth quarter. State of Wyoming now owns 4,788 shares of the company's stock valued at $107,000 after acquiring an additional 2,369 shares during the period. Millennium Management LLC boosted its position in shares of Paramount Global by 41.2% during the fourth quarter. Millennium Management LLC now owns 230,283 shares of the company's stock worth $5,135,000 after buying an additional 67,177 shares during the period. AQR Arbitrage LLC acquired a new position in shares of Paramount Global during the fourth quarter worth about $1,335,000. Northern Trust Corp boosted its position in shares of Paramount Global by 98.1% during the fourth quarter. Northern Trust Corp now owns 35,264 shares of the company's stock worth $786,000 after buying an additional 17,461 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Paramount Global by 1,152.0% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 125,200 shares of the company's stock worth $2,792,000 after buying an additional 115,200 shares during the period. 5.98% of the stock is owned by institutional investors and hedge funds.

Paramount Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. Paramount Global's payout ratio is -2.15%.

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.