FY2024 Earnings Estimate for PARAA Issued By Seaport Res Ptn

Paramount Global (NASDAQ:PARAA) – Analysts at Seaport Res Ptn raised their FY2024 EPS estimates for Paramount Global in a note issued to investors on Sunday, November 10th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $2.25 per share for the year, up from their previous estimate of $1.96. The consensus estimate for Paramount Global’s current full-year earnings is $1.96 per share. Seaport Res Ptn also issued estimates for Paramount Global’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.93 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $3.48 EPS and FY2026 earnings at $4.10 EPS.

Paramount Global Stock Performance

Shares of PARAA stock opened at $22.15 on Wednesday. The business has a fifty day moving average of $21.91 and a 200 day moving average of $21.55. Paramount Global has a 1 year low of $15.55 and a 1 year high of $26.34. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

Institutional Trading of Paramount Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in shares of Paramount Global by 416.3% during the first quarter. Russell Investments Group Ltd. now owns 2,592 shares of the company’s stock worth $57,000 after purchasing an additional 2,090 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Paramount Global in the 3rd quarter valued at about $106,000. Gladius Capital Management LP purchased a new stake in shares of Paramount Global in the third quarter worth about $233,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Paramount Global by 5.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,953 shares of the company’s stock worth $239,000 after buying an additional 537 shares during the last quarter. Finally, Welch Group LLC acquired a new stake in Paramount Global during the second quarter worth about $298,000. 5.98% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, December 16th. Paramount Global’s payout ratio is -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.