Paramount Global (PARAA) to Release Earnings on Thursday

Paramount Global (NASDAQ:PARAA - Get Free Report) will likely be announcing 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 the consensus estimate 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%. 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

Shares of NASDAQ:PARAA traded up $0.18 during trading on Tuesday, hitting $22.60. 8,123 shares of the company were exchanged, compared to its average volume of 48,019. Paramount Global has a 1-year low of $16.59 and a 1-year high of $24.50. The company has a market capitalization of $15.16 billion, a P/E ratio of -2.75 and a beta of 1.39. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The business's 50 day moving average is $22.62 and its 200-day moving average is $22.54.

Paramount Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, March 17th. 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.