Paramount Global (PARAA) Projected to Post Quarterly Earnings on Thursday

Paramount Global (NASDAQ:PARAAGet Free Report) is anticipated to release its earnings data after the market closes on Thursday, May 8th. Analysts expect Paramount Global to post earnings of $0.39 per share and revenue of $7.14 billion for the quarter.

Paramount Global (NASDAQ:PARAAGet Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.27). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The business had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. On average, analysts expect Paramount Global to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Paramount Global Price Performance

NASDAQ:PARAA opened at $22.66 on Thursday. The company has a market cap of $15.11 billion, a P/E ratio of -2.76 and a beta of 1.33. The firm’s fifty day moving average price is $22.62 and its two-hundred day moving average price is $22.52. Paramount Global has a one year low of $16.59 and a one year high of $26.34. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10.

Paramount Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.05 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. Paramount Global’s dividend payout ratio (DPR) is currently -2.15%.

About Paramount Global

(Get Free Report)

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.

See Also

Earnings History for Paramount Global (NASDAQ:PARAA)

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