Free Trial

Paramount Global (PARA) Stock Price, News & Analysis

$11.79
-0.41 (-3.36%)
(As of 05/23/2024 ET)
Today's Range
$11.65
$12.16
50-Day Range
$10.43
$13.86
52-Week Range
$10.12
$17.50
Volume
12.46 million shs
Average Volume
20.51 million shs
Market Capitalization
$7.86 billion
P/E Ratio
N/A
Dividend Yield
1.70%
Price Target
$13.58

Paramount Global MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.76 Rating Score
Upside/​Downside
15.2% Upside
$13.58 Price Target
Short Interest
Bearish
12.53% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.24mentions of Paramount Global in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.70%
From $1.32 to $1.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.57 out of 5 stars

Consumer Discretionary Sector

114th out of 256 stocks

Television Broadcasting Stations Industry

6th out of 10 stocks

PARA stock logo

About Paramount Global Stock (NASDAQ:PARA)

Paramount Global is a multinational company that operates in various entertainment industries, including media production, entertainment, streaming technology and content development. The company is headquartered in New York City, New York. The company has multiple classes of stock, with the major difference in its Class B stock being that it is a non-voting stock class. 

Paramount Global was founded in 2019 in a merger between Viacom and CBS Corporation. The company was initially founded under the name ViacomCBS but changed its name the day after the Q4 presentation in 2022. Key highlights of the company include its strong brand recognition, a diverse range of businesses and ability to generate significant cash flow and profits across multiple industries and countries.

Robert M. Bakish became CEO of Paramount Global immediately after the merger of the two original companies, Viacom and CBS. He joined Viacom in 1997 as the Vice President of Planning and Development. Bakish was later transferred to Viacom's subsidiary MTV Networks as the Chief Operating Officer of Advertising and Sales. 

Other notable members of the Paramount Global team include Alex Berkett, the Chief Corporate Development and Strategy Officer, who, like Robert Bakish, came from Viacom and was appointed to his position after the merger. Also notable is George Cheeks, the Chief Content Officer with a development history at over ten significant networks in the television industry.

Over the past few years, Paramount Global has delivered mixed financial performance, with consistent revenue growth, healthy profit margins and a balance sheet consistent with industry peers. The company's profit margins have remained stable over the past few years, with an average net margin of 3.66% since the merger.

Paramount Global has also maintained a strong balance sheet, with total assets adequately more than total liabilities keeping the company's debt levels manageable. Paramount Global is currently trading at a price-to-earnings ratio in line with the industry average.

The company's price-to-book ratio is slightly higher than the industry average. The company's valuation metrics suggest that it is fairly valued relative to its peers in the industry. Paramount Globals' stock performance has been mixed, which is to be expected from a company primarily focusing on the volatile streaming entertainment industry. 

Paramount Global operates in several different entertainment industry sectors, giving it a degree of diversification and resilience against industry-specific risks. However, Paramount Global's primary focus is streaming internet entertainment, an emerging and volatile industry sector.

The media and entertainment industry is one of the company's largest businesses, and it is highly competitive and constantly evolving. Paramount Global's strong brand recognition, extensive content library and deep relationships with distributors and advertisers give it a competitive advantage. In Q2 of 2022, Warren Buffet revealed a $2.6 billion investment in Paramount Global, contributing to its continued growth. 

Paramount Global has several growth opportunities in the years ahead, including new product launches, acquisitions and expansions into new markets and countries. The company is focused on expanding its content library and developing new digital platforms and distribution channels in the media and entertainment space.

The company recently launched a new streaming service called Paramount Plus, which has been well-received by consumers and has the potential to drive significant revenue growth in the years ahead. In the technology space, Paramount Global is focused on investing in emerging technologies such as artificial intelligence and cybersecurity.

While Paramount Global has significant growth opportunities, the company also faces many risks and challenges. One of the company's most significant risks is changing consumer preferences in media and entertainment. As consumers increasingly shift towards streaming services and digital content, Paramount Global must keep its finger on the pulse of consumer trends and expectations.

Paramount Global is subject to rapid technological change and intense competition in the technology space. The company will need to continue investing in research and development and stay ahead of the curve to maintain its competitive advantage.

PARA Stock Price History

PARA Stock News Headlines

Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry
Can a Warner Bros. Discovery and Disney Bundle Fend Off Netflix? (PARA)
Media and entertainment giant Warner Bros. Discovery Inc. (NYSE: WBD) shares initially tanked to $7.50 on its Q1 2024 earnings results.
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and movies
Sony Pictures and private equity firm Apollo express interest in buying Paramount for $26 billion
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
Paramount Global replaces CEO Bob Bakish with a troika of executives
Paramount Global has announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company
Roku Trims Losses and Raises Guidance, But Market Isn't Convinced
Streaming TV platform operator Roku Inc. NASDAQ: ROKU can't catch a break with the markets. Despite a solid Q1 2024 earnings report that saw thinning losses and 19% YoY revenue acceleration topped by raised guidance, the market turned an initial price gap into a 10% loss the following day.
Roku Trims Losses and Raises Guidance, But Market Isn’t Convinced (PARA)
Despite a solid Q1 2024 earnings report that saw thinning losses, ROKU stock can't seem to catch as investors bid the stock higher before a sharp selloff
3 Under $20 Stocks to Buy Now: May 2024
See More Headlines
Receive PARA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Paramount Global and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/29/2024
Today
5/23/2024
Ex-Dividend for 7/1 Dividend
6/17/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Current Symbol
NASDAQ:PARA
Employees
21,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.58
High Stock Price Target
$20.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+15.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.76
Research Coverage
21 Analysts

Profitability

Net Income
$-608,000,000.00
Pretax Margin
-1.41%

Debt

Sales & Book Value

Annual Sales
$29.65 billion
Cash Flow
$23.12 per share
Book Value
$33.51 per share

Miscellaneous

Free Float
662,480,000
Market Cap
$7.86 billion
Optionable
Optionable
Beta
1.74
The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

  • Mr. Naveen K. Chopra (Age 50)
    Executive VP & CFO
    Comp: $4.02M
  • Ms. Christa A. D'Alimonte (Age 55)
    Executive VP, General Counsel & Secretary
    Comp: $3.17M
  • Ms. Nancy Ramsey Phillips (Age 56)
    Executive VP & Chief People Officer
    Comp: $1.94M
  • Ms. Doretha F. Lea (Age 59)
    Executive Vice President of Global Public Policy & Government Relations
    Comp: $2.09M
  • Ms. Katherine M. Gill-Charest (Age 60)
    Executive VP, Controller & Chief Accounting Officer
  • Mr. Philip R. Wiser (Age 55)
    Executive VP & CTO
  • Mr. Stephen D. Mirante (Age 59)
    Executive VP & Chief Administrative Officer
  • Mr. Jaime Sue Morris C.F.A.
    C.P.A., Executive Vice President of Investor Relations
  • Ms. Julia Phelps (Age 46)
    Executive VP and Chief Communications & Corporate Marketing Officer
  • Mr. Alex Berkett (Age 49)
    Executive VP, Chief Corporate Development & Strategy Officer

PARA Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Global stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paramount Global in the last twelve months. There are currently 9 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PARA shares.
View PARA analyst ratings
or view top-rated stocks.

What is Paramount Global's stock price target for 2024?

21 brokers have issued 12-month price targets for Paramount Global's stock. Their PARA share price targets range from $9.00 to $20.00. On average, they expect the company's share price to reach $13.58 in the next year. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for PARA
or view top-rated stocks among Wall Street analysts.

How have PARA shares performed in 2024?

Paramount Global's stock was trading at $14.79 at the beginning of 2024. Since then, PARA stock has decreased by 20.3% and is now trading at $11.79.
View the best growth stocks for 2024 here
.

When is Paramount Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our PARA earnings forecast
.

How were Paramount Global's earnings last quarter?

Paramount Global (NASDAQ:PARA) issued its earnings results on Monday, April, 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. The business earned $7.69 billion during the quarter, compared to the consensus estimate of $7.73 billion. Paramount Global had a positive trailing twelve-month return on equity of 3.35% and a negative net margin of 0.15%. Paramount Global's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS.

How often does Paramount Global pay dividends? What is the dividend yield for Paramount Global?

Paramount Global declared a quarterly dividend on Wednesday, April 10th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.05 per share on Monday, July 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 17th.
Read our dividend analysis for PARA
.

Is Paramount Global a good dividend stock?

Paramount Global (NASDAQ:PARA) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.65%.
Read our dividend analysis for PARA.

Who are Paramount Global's major shareholders?

Paramount Global's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.32%), Ariel Investments LLC (1.81%), Kodai Capital Management LP (0.94%), Capitolis Liquid Global Markets LLC (0.42%), Jane Street Group LLC (0.41%) and LSV Asset Management (0.29%). Insiders that own company stock include NATIONAL AMUSEMENTS INC and Shari Redstone.
View institutional ownership trends
.

How do I buy shares of Paramount Global?

Shares of PARA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PARA) was last updated on 5/24/2024 by MarketBeat.com Staff

From Our Partners