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Paramount Global (PARA) Stock Price, News & Analysis

$11.65
-0.09 (-0.77%)
(As of 07/24/2024 ET)
Today's Range
$11.62
$11.80
50-Day Range
$9.61
$12.80
52-Week Range
$9.54
$17.50
Volume
6.75 million shs
Average Volume
18.38 million shs
Market Capitalization
$7.76 billion
P/E Ratio
N/A
Dividend Yield
1.72%
Price Target
$12.83

Paramount Global MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
10.2% Upside
$12.83 Price Target
Short Interest
Healthy
9.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Paramount Global in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.39%
From $1.32 to $1.51 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.

3.84 out of 5 stars

Consumer Discretionary Sector

84th out of 268 stocks

Television Broadcasting Stations Industry

3rd out of 11 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

A currency trader passes by the screen showing the Korea Composite Stock Price Index…
Stock market today: Japan's Nikkei 225 index logs record close, as markets track rally on Wall St
Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones
The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles
Entertainment giant Paramount agrees to a merger with Skydance
Entertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun” and “The Godfather” has agreed to merge with Skydance
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Paramount Has a Buyer
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Ex-Dividend for 7/1 Dividend
6/17/2024
Dividend Payable
7/01/2024
Today
7/24/2024
Next Earnings (Confirmed)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$12.83
High Stock Price Target
$20.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+10.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
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
$23.80 per share
Book Value
$35.30 per share

Miscellaneous

Free Float
662,480,000
Market Cap
$7.77 billion
Optionable
Optionable
Beta
1.78
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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

How have PARA shares performed this year?

Paramount Global's stock was trading at $14.79 at the beginning of the year. Since then, PARA stock has decreased by 21.2% and is now trading at $11.65.
View the best growth stocks for 2024 here
.

How were Paramount Global's earnings last quarter?

Paramount Global (NASDAQ:PARA) announced its earnings results on Monday, April, 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. The company's quarterly revenue was up 5.8% on a year-over-year basis.

Who are Paramount Global's major shareholders?

Paramount Global's top institutional investors include Wilsey Asset Management Inc. (0.24%), Foundation Resource Management Inc. (0.16%), Sumitomo Mitsui Trust Holdings Inc. (0.16%) and Metropolis Capital Ltd (0.16%).
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 7/24/2024 by MarketBeat.com Staff

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