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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Macron booed by French farmers who blame him for not doing enough to support agriculture
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover

Paramount Global (PARA) Stock Price, News & Analysis

$11.21
-0.50 (-4.27%)
(As of 02/23/2024 ET)
Today's Range
$10.99
$11.51
50-Day Range
$11.21
$15.82
52-Week Range
$10.51
$24.00
Volume
23.11 million shs
Average Volume
16.37 million shs
Market Capitalization
$7.30 billion
P/E Ratio
N/A
Dividend Yield
1.78%
Price Target
$15.00

Paramount Global MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
33.8% Upside
$15.00 Price Target
Short Interest
Bearish
14.44% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Paramount Global in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
125.53%
From $0.47 to $1.06 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.

3.87 out of 5 stars

Consumer Discretionary Sector

87th out of 261 stocks

Television Broadcasting Stations Industry

7th 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

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Paramount Global (NASDAQ:PARA) Shares Gap Down to $11.71
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Paramount Insights' "Reflecting Me" Survey Findings
Where Paramount Made Cuts In Its Latest Round of Layoffs
Paramount Introduces a New Employee Resource Group: Adapt
See More Headlines
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Company Calendar

Last Earnings
8/07/2023
Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Today
2/25/2024
Next Earnings (Confirmed)
2/28/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Entertainment
Sub-Industry
N/A
Current Symbol
NASDAQ:PARA
Employees
24,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$30.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+33.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
20 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
-4.92%

Debt

Sales & Book Value

Annual Sales
$30.15 billion
Cash Flow
$24.37 per share
Book Value
$36.32 per share

Miscellaneous

Free Float
647,954,000
Market Cap
$7.30 billion
Optionable
Optionable
Beta
1.84
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Key Executives

  • Mr. Robert Marc Bakish (Age 60)
    President, CEO & Director
    Comp: $16.05M
  • Mr. Naveen K. Chopra (Age 50)
    Executive VP & CFO
    Comp: $3.51M
  • Ms. Christa A. D'Alimonte (Age 55)
    Executive VP, General Counsel & Secretary
    Comp: $3.03M
  • Ms. Nancy Ramsey Phillips (Age 56)
    Executive VP & Chief People Officer
    Comp: $1.83M
  • Ms. Doretha F. Lea (Age 59)
    Executive Vice President of Global Public Policy & Government Relations
    Comp: $1.96M
  • Ms. Jo Ann Ross
    Chairman of Paramount Advertising
  • 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.
    CPA, Executive Vice President of Investor Relations














PARA Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Global stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Global in the last year. There are currently 10 sell ratings, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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?

20 brokerages have issued 1 year price objectives for Paramount Global's shares. Their PARA share price targets range from $9.00 to $30.00. On average, they anticipate the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 33.8% 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 on January 1st, 2024. Since then, PARA shares have decreased by 24.2% and is now trading at $11.21.
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 Wednesday, February 28th 2024.
View our PARA earnings forecast
.

How can I listen to Paramount Global's earnings call?

Paramount Global will be holding an earnings conference call on Wednesday, February 28th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "705896".

How were Paramount Global's earnings last quarter?

Paramount Global (NASDAQ:PARA) issued its earnings results on Monday, August, 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.11. The company earned $7.62 billion during the quarter, compared to analyst estimates of $7.44 billion. Paramount Global had a positive trailing twelve-month return on equity of 1.89% and a negative net margin of 3.65%. Paramount Global's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS.

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

Paramount Global announced a quarterly dividend on Thursday, February 22nd. Stockholders of record on Friday, March 15th will be given a dividend of $0.05 per share on Monday, April 1st. This represents a $0.20 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, March 14th.
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 1.78%.
Read our dividend analysis for PARA.

Who are Paramount Global's major shareholders?

Paramount Global's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Berkshire Hathaway Inc (9.72%), Vanguard Group Inc. (8.95%), Charles Schwab Investment Management Inc. (2.03%), Contrarius Investment Management Ltd (1.73%), Hotchkis & Wiley Capital Management LLC (1.02%) and Kodai Capital Management LP (0.88%). 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 2/25/2024 by MarketBeat.com Staff