Paramount Global (PARAA) to Release Earnings on Thursday

Paramount Global (NASDAQ:PARAA - Get Free Report) is projected to announce its earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $7.14 billion for the quarter.

Paramount Global (NASDAQ:PARAA - Get Free Report) last issued 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). Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The firm 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 Stock Performance

Shares of PARAA traded down $0.10 during trading hours on Friday, hitting $22.60. The stock had a trading volume of 40,939 shares, compared to its average volume of 49,198. Paramount Global has a fifty-two week low of $16.59 and a fifty-two week high of $26.31. 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 capitalization of $15.16 billion, a price-to-earnings ratio of -2.75 and a beta of 1.39. The firm has a 50-day moving average price of $22.62 and a 200 day moving average price of $22.53.

Paramount Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, March 17th. Paramount Global's dividend payout ratio (DPR) is presently -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.