Paramount Global (NASDAQ:PARAA) Announces Earnings Results, Misses Estimates By $0.27 EPS

Paramount Global (NASDAQ:PARAAGet Free Report) released its earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.27), Zacks reports. The company had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%.

Paramount Global Stock Down 0.0 %

Shares of PARAA traded down $0.01 during midday trading on Thursday, reaching $22.43. The stock had a trading volume of 1,370 shares, compared to its average volume of 25,480. The company has a market cap of $14.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.62. The company’s fifty day simple moving average is $22.56 and its two-hundred day simple moving average is $22.41. Paramount Global has a 1-year low of $16.59 and a 1-year high of $26.34. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10.

Paramount Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Global’s dividend payout ratio (DPR) is presently -2.43%.

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.

See Also

Earnings History for Paramount Global (NASDAQ:PARAA)

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