Paramount Global (PARAA) to Release Quarterly Earnings on Friday

Posted by Defense World Staff on Nov 1st, 2024

Paramount Global (NASDAQ:PARAA – Get Free Report) will issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Paramount Global (NASDAQ:PARAA – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.36. Paramount Global had a negative net margin of 17.62% and a positive return on equity of 4.88%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.55 billion. On average, analysts expect Paramount Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Paramount Global Stock Down 0.5 %

Paramount Global stock opened at $21.89 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. Paramount Global has a 12-month low of $13.40 and a 12-month high of $26.34. The firm’s fifty day moving average is $22.06 and its 200 day moving average is $21.55. The company has a market capitalization of $14.28 billion, a PE ratio of -145.93 and a beta of 1.66.

Paramount Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.20 annualized dividend and a yield of 0.91%. Paramount Global’s dividend payout ratio is currently -133.33%.

Paramount Global Company Profile

(Get Free Report)

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.