Paramount Global (PARAA) to Release Earnings on Monday

Paramount Global (NASDAQ:PARAA) is set to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of 0.25 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Paramount Global (NASDAQ:PARAA) last released its quarterly earnings data on Wednesday, February 28th. The company reported 0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of 0.08 by -0.04. Paramount Global had a negative net margin of 2.05% and a positive return on equity of 1.78%. The company had revenue of 7.64 billion for the quarter, compared to the consensus estimate of 7.89 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, analysts expect Paramount Global to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paramount Global Stock Performance

NASDAQ:PARAA opened at 22.82 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.32. Paramount Global has a 52-week low of 13.40 and a 52-week high of 27.23. The firm has a market cap of $14.89 billion, a price-to-earnings ratio of -22.37 and a beta of 1.67. The business’s fifty day moving average is 21.66 and its 200 day moving average is 19.35.

Paramount Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. Paramount Global’s payout ratio is -19.61%.

Institutional Trading of Paramount Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan CO. LLC. increased its stake in Paramount Global by 624.6% in the 1st quarter. First Manhattan CO. LLC. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 862 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Paramount Global by 150.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,341 shares of the company’s stock worth $35,000 after acquiring an additional 806 shares during the last quarter. Captrust Financial Advisors bought a new position in Paramount Global in the 2nd quarter worth about $42,000. UBS Group AG increased its stake in Paramount Global by 1,019.0% in the 3rd quarter. UBS Group AG now owns 3,760 shares of the company’s stock worth $59,000 after acquiring an additional 3,424 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Paramount Global by 18.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,559 shares of the company’s stock worth $66,000 after acquiring an additional 548 shares during the last quarter. 5.98% of the stock is currently owned by institutional investors.

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.