Paramount Global (PARAA) Scheduled to Post Quarterly Earnings on Friday

Paramount Global (NASDAQ:PARAA) is set to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Paramount Global to post earnings of $0.40 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Paramount Global (NASDAQ:PARAA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.54 earnings per share for the quarter, beating 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 company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations 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 Trading Down 0.5 %

Shares of NASDAQ:PARAA opened at $21.89 on Friday. The business’s 50 day moving average price is $22.06 and its 200-day moving average price is $21.55. Paramount Global has a 1 year low of $13.40 and a 1 year high of $26.34. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of -145.93 and a beta of 1.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.15.

Paramount Global Dividend Announcement

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

About Paramount Global

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.