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Paramount Global (PARA) Stock Forecast, Price & News

$15.53
-0.33 (-2.08%)
(As of 02:52 PM ET)
Compare
Today's Range
$15.32
$15.77
50-Day Range
$14.08
$23.44
52-Week Range
$13.80
$34.50
Volume
8.04 million shs
Average Volume
13.08 million shs
Market Capitalization
$10.12 billion
P/E Ratio
N/A
Dividend Yield
6.18%
Price Target
$21.09

Paramount Global MarketRank™ Forecast

Analyst Rating
Hold
1.84 Rating Score
Upside/​Downside
37.6% Upside
$21.09 Price Target
Short Interest
Bearish
14.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Paramount Global in the last 14 days
Based on 31 Articles This Week
Insider Trading
Acquiring Shares
$2.48 M Bought Last Quarter
Proj. Earnings Growth
128.57%
From $0.63 to $1.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.08 out of 5 stars

Consumer Discretionary Sector

12th out of 277 stocks

Television Broadcasting Stations Industry

3rd out of 14 stocks


PARA stock logo

About Paramount Global (NASDAQ:PARA) Stock

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.

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PARA Stock News Headlines

Simon & Schuster again up for sale, executives confirm
Simon & Schuster is again up for sale
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
See More Headlines
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PARA Company Calendar

Ex-Dividend for 4/3 Dividend
3/17/2023
Dividend Payable
4/03/2023
Last Earnings
5/04/2023
Today
5/31/2023
Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$21.09
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+37.0%
Consensus Rating
Hold
Rating Score (0-4)
1.84
Research Coverage
19 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
-2.22%

Debt

Sales & Book Value

Annual Sales
$30.15 billion
Cash Flow
$26.10 per share
Book Value
$34.29 per share

Miscellaneous

Free Float
648,104,000
Market Cap
$10.03 billion
Optionable
Optionable
Beta
1.64

Key Executives

  • Robert Marc Bakish
    President, Chief Executive Officer & Director
  • Naveen K. Chopra
    Chief Financial Officer & Executive Vice President
  • Colleen Fahey Rush
    Chief Research Officer & Executive Vice President
  • Philip R. Wiser
    Chief Technology Officer & Executive VP
  • Richard M. Jones
    Chief Veteran Officer, EVP & General Tax Counsel













PARA Stock - Frequently Asked Questions

Should I buy or sell Paramount Global stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Global in the last year. There are currently 8 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PARA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PARA, but not buy additional shares or sell existing shares.
View PARA analyst ratings
or view top-rated stocks.

What is Paramount Global's stock price forecast for 2023?

19 Wall Street analysts have issued twelve-month price targets for Paramount Global's shares. Their PARA share price forecasts range from $13.00 to $32.00. On average, they anticipate the company's share price to reach $21.09 in the next twelve months. This suggests a possible upside of 37.0% 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 2023?

Paramount Global's stock was trading at $16.88 at the start of the year. Since then, PARA shares have decreased by 8.8% and is now trading at $15.40.
View the best growth stocks for 2023 here
.

When is Paramount Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our PARA earnings forecast
.

How were Paramount Global's earnings last quarter?

Paramount Global (NASDAQ:PARA) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.03. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $7.42 billion. Paramount Global had a positive trailing twelve-month return on equity of 3.64% and a negative net margin of 1.49%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share.

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

Paramount Global announced a quarterly dividend on Monday, May 8th. Investors of record on Thursday, June 15th will be given a dividend of $0.05 per share on Monday, July 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for PARA
.

Is Paramount Global a good dividend stock?

Paramount Global (NASDAQ:PARA) pays an annual dividend of $0.96 per share and currently has a dividend yield of 6.44%. PARA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PARA.

What is Paramount Global's stock symbol?

Paramount Global trades on the NASDAQ under the ticker symbol "PARA."

Who are Paramount Global's major shareholders?

Paramount Global's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Berkshire Hathaway Inc (14.41%), BlackRock Inc. (8.44%), State Street Corp (5.43%), Geode Capital Management LLC (1.76%), Charles Schwab Investment Management Inc. (1.66%) and Franklin Resources Inc. (1.53%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Paramount Global's stock price today?

One share of PARA stock can currently be purchased for approximately $15.40.

How much money does Paramount Global make?

Paramount Global (NASDAQ:PARA) has a market capitalization of $10.03 billion and generates $30.15 billion in revenue each year. The company earns $1.10 billion in net income (profit) each year or ($0.78) on an earnings per share basis.

How many employees does Paramount Global have?

The company employs 24,500 workers across the globe.

How can I contact Paramount Global?

Paramount Global's mailing address is 1515 Broadway, New York, New York 10036. The official website for the company is www.viacbs.com. The company can be reached via phone at (212) 258-6000, via email at anthony.diclemente@viacbs.com, or via fax at 212-975-4516.

This page (NASDAQ:PARA) was last updated on 5/31/2023 by MarketBeat.com Staff

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