Paramount Global (NASDAQ:PARAA – Get Free Report) was downgraded by equities researchers at Seaport Res Ptn from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Zacks.com reports. Seaport Res Ptn also issued estimates for Paramount Global’s Q2 2024 earnings at $0.18 EPS and FY2024 earnings at $1.25 EPS.
Paramount Global Trading Down 14.1 %
PARAA stock opened at 22.42 on Thursday. The firm has a fifty day moving average price of 21.87 and a 200 day moving average price of 19.82. Paramount Global has a fifty-two week low of 13.40 and a fifty-two week high of 26.34. The firm has a market cap of $14.63 billion, a PE ratio of -149.46 and a beta of 1.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.17 and a current ratio of 1.29.
Paramount Global (NASDAQ:PARAA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported 0.04 EPS for the quarter, missing analysts’ consensus estimates of 0.08 by -0.04. The business had revenue of 7.64 billion during the quarter, compared to analysts’ expectations of 7.89 billion. Paramount Global had a positive return on equity of 3.35% and a negative net margin of 0.15%. During the same period in the previous year, the business earned $0.08 earnings per share. Sell-side analysts anticipate that Paramount Global will post 1.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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