Paramount Global (PARAA) to Release Earnings on Wednesday

Paramount Global (NASDAQ:PARAA) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Paramount Global to post earnings of $0.16 per share and revenue of $8.07 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Paramount Global Stock Performance

Shares of NASDAQ:PARAA opened at $22.72 on Tuesday. The company has a market cap of $15.15 billion, a P/E ratio of -2.76 and a beta of 1.62. Paramount Global has a one year low of $16.59 and a one year high of $26.34. The business’s 50-day simple moving average is $22.53 and its 200 day simple moving average is $22.41. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

Paramount Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. Paramount Global’s payout ratio is currently -2.43%.

Paramount Global Company Profile

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.