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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:PARA

Paramount Global Stock Forecast, Price & News

$25.76
+1.24 (+5.06%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$24.61
$25.88
50-Day Range
$24.25
$36.28
52-Week Range
$23.69
$47.46
Volume
7.96 million shs
Average Volume
9.57 million shs
Market Capitalization
$16.72 billion
P/E Ratio
4.22
Dividend Yield
3.73%
Price Target
$35.17
30 days | 90 days | 365 days | Advanced Chart

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PARA Stock Forecast (MarketRank)

Overall MarketRank

2.18 out of 5 stars

Consumer Discretionary Sector

176th out of 397 stocks

Television Broadcasting Stations Industry

10th out of 21 stocks

Analyst Opinion: 4.0Community Rank: 0.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
Paramount Global logo

About Paramount Global (NASDAQ:PARA)

Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services. It also operates Paramount+, a digital subscription video on-demand and live streaming services; and creates and acquires programming for distribution and viewing on various media platforms, including subscription cable networks, subscription streaming, and premium and basic cable networks. In addition, the company develops, produces, finances, acquires, and distributes films. Paramount Global was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was incorporated in 1986 and is headquartered in New York, New York.

PARA Stock News Headlines

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Industry, Sector and Symbol

Industry
Television broadcasting stations
Sub-Industry
N/A
Current Symbol
NASDAQ:PARA
Employees
22,965
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2022
Dividend Payable
4/01/2022
Last Earnings
5/03/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Today
6/26/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$35.17
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+36.5%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
5 Analysts

Profitability

Net Income
$4.54 billion
Pretax Margin
15.86%

Debt

Sales & Book Value

Annual Sales
$28.59 billion
Cash Flow
$24.77 per share
Book Value
$35.45 per share

Miscellaneous

Free Float
646,180,000
Market Cap
$16.72 billion
Optionable
Optionable
Beta
1.56














Paramount Global Frequently Asked Questions

Should I buy or sell Paramount Global stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Global in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Paramount Global stock. 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 analyst ratings for Paramount Global
or view top-rated stocks.

What is Paramount Global's stock price forecast for 2022?

5 analysts have issued 12-month price targets for Paramount Global's shares. Their PARA stock forecasts range from $24.00 to $44.00. On average, they anticipate Paramount Global's share price to reach $35.17 in the next twelve months. This suggests a possible upside of 36.5% from the stock's current price.
View analysts' price targets for Paramount Global
or view top-rated stocks among Wall Street analysts.

How has Paramount Global's stock performed in 2022?

Paramount Global's stock was trading at $30.61 at the beginning of the year. Since then, PARA shares have decreased by 15.8% and is now trading at $25.76.
View the best growth stocks for 2022 here
.

When is Paramount Global's next earnings date?

Paramount Global is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Paramount Global
.

How were Paramount Global's earnings last quarter?

Paramount Global (NASDAQ:PARA) announced its earnings results on Tuesday, May, 3rd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The company earned $7.33 billion during the quarter, compared to analyst estimates of $7.39 billion. Paramount Global had a trailing twelve-month return on equity of 7.90% and a net margin of 14.26%. The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS.
View Paramount Global's earnings history
.

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

Paramount Global declared a quarterly dividend on Tuesday, April 5th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.24 per share on Friday, July 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, June 14th.
View Paramount Global's dividend history
.

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 3.73%. The dividend payout ratio of Paramount Global is 15.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Paramount Global will have a dividend payout ratio of 45.28% next year. This indicates that Paramount Global will be able to sustain or increase its dividend.
View Paramount Global's dividend history.

Who are Paramount Global's key executives?

Paramount Global's management team includes the following people:
  • Mr. Robert Marc Bakish, Pres, CEO & Director (Age 58, Pay $20.04M)
  • Mr. Naveen Chopra, Exec. VP & CFO (Age 48, Pay $4.07M)
  • Ms. Christa A. D'Alimonte, Exec. VP, Gen. Counsel & Sec. (Age 53, Pay $3.25M)
  • Ms. Nancy Ramsey Phillips, Exec. VP & Chief People Officer (Age 54, Pay $1.81M)
  • Ms. Doretha F. Lea, Exec. VP of Global Public Policy & Gov. Relations (Age 57, Pay $2.09M)
  • Ms. Jo Ann Ross, Pres & Chief Advter. Revenue Officer of U.S. Ad Sales
  • Ms. Katherine M. Gill-Charest, Exec. VP, Controller & Chief Accounting Officer (Age 58)
  • Mr. Philip R. Wiser, Exec. VP & CTO (Age 53)
  • Mr. Stephen D. Mirante, Exec. VP & Chief Admin. Officer (Age 57)
  • Mr. Anthony Joseph DiClemente Jr., C.F.A., Jr., Exec. VP of Investor Relations

What is Paramount Global's stock symbol?

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

How do I buy shares of Paramount Global?

Shares of PARA 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 $25.76.

How much money does Paramount Global make?

Paramount Global (NASDAQ:PARA) has a market capitalization of $16.72 billion and generates $28.59 billion in revenue each year. The company earns $4.54 billion in net income (profit) each year or $6.11 on an earnings per share basis.

How many employees does Paramount Global have?

Paramount Global employs 22,965 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 Paramount Global is www.viacbs.com. The company can be reached via phone at (212) 258-6000, via email at [email protected], or via fax at 212-975-4516.

This page (NASDAQ:PARA) was last updated on 6/26/2022 by MarketBeat.com Staff

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