Paramount Global (PARA) Expected to Announce Earnings on Wednesday

Paramount Global (NASDAQ:PARA - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Paramount Global to post earnings of $0.18 per share and revenue of $8.07 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Paramount Global Stock Performance

Paramount Global stock traded up $0.02 during midday trading on Friday, reaching $11.49. 10,476,390 shares of the company's stock were exchanged, compared to its average volume of 8,641,298. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of -1.40, a P/E/G ratio of 1.68 and a beta of 1.69. The stock's 50-day simple moving average is $10.75 and its 200 day simple moving average is $10.71.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PARA shares. Needham & Company LLC restated a "hold" rating on shares of Paramount Global in a report on Monday, November 11th. Morgan Stanley boosted their price objective on Paramount Global from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, February 4th. StockNews.com upgraded Paramount Global from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Finally, Macquarie restated an "underperform" rating and set a $10.00 price objective on shares of Paramount Global in a report on Monday, November 11th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Paramount Global presently has a consensus rating of "Hold" and a consensus price target of $12.58.

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.