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Paramount Global Class B (PARA)
NASDAQ:PARA
Holding PARA?
Track your performance easily
PARA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.54 - $17.50
Previous Close$11.09
Volume12.58M
Average Volume (3M)8.07M
Market Cap
$7.70B
Enterprise Value$21.57B
Total Cash (Recent Filing)$2.31B
Total Debt (Recent Filing)$15.74B
Price to Earnings (P/E)―
Beta1.91
Next Earnings
Nov 08, 2024EPS Estimate
$0.24Next Dividend Ex-Date
Dec 16, 2024Dividend Yield1.84%
Share Statistics
EPS (TTM)-8.46
Shares Outstanding666,714,375
10 Day Avg. Volume5,456,929
30 Day Avg. Volume8,069,104
Standard Deviation0.17
R-Squared0.29
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.44
Price to Sales (P/S)0.25
Price to Cash Flow (P/CF)30.70
P/FCF Ratio181.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit2.97
Enterprise Value/Ebitda-4.79
Forecast
1Y Price Target
$12.55Price Target Upside10.28% Upside
Rating ConsensusHold
Number of Analyst Covering14
Paramount Global Class B News
Bulls Say, Bears Say
Bulls Say
Digital AdvertisingQ3 DTC ads are expected to increase by 2% on more sports inventory, showing growth in digital ad revenue.
Financial PerformanceAdjusted OIBDA increased by 43% year-over-year, significantly above estimates.
Management StrategyThe $2 billion in synergies that the incoming management team will look to execute on includes the $500 million in cost efficiencies the current management team is working to achieve.
Bears Say
Cost And Revenue PressuresCost savings initiatives across traditional media over the past 1-2 years have not been enough to prevent further financial strain.
Financial UncertaintyUncertainty about financial performance is heightened by the pending acquisition or merger and new management taking over.
Revenue And EarningsRevenue projections came down, we suspect given challenges in ads/cord cutting/studios.
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Ownership Overview
5.51% Insiders
17.45% Mutual Funds
2.62% Other Institutional Investors
48.43% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Paramount Global Class B
Desktop Users
Mobile Users
PARA FAQ
What was Paramount Global Class B’s price range in the past 12 months?
Paramount Global Class B lowest stock price was $9.54 and its highest was $17.50 in the past 12 months.
What is Paramount Global Class B’s market cap?
Currently, no data Available
When is Paramount Global Class B’s upcoming earnings report date?
Paramount Global Class B’s upcoming earnings report date is Nov 08, 2024 which is 2 days ago.
How were Paramount Global Class B’s earnings last quarter?
Paramount Global Class B released its earnings results on Aug 08, 2024. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.125 by $0.415.
Is Paramount Global Class B overvalued?
According to Wall Street analysts Paramount Global Class B’s price is currently Undervalued.
Does Paramount Global Class B pay dividends?
Paramount Global Class B pays a Quarterly dividend of $0.05 which represents an annual dividend yield of 1.84%. See more information on Paramount Global Class B dividends here
What is Paramount Global Class B’s EPS estimate?
Paramount Global Class B’s EPS estimate is $0.24.
How many shares outstanding does Paramount Global Class B have?
Paramount Global Class B has 626,011,600 shares outstanding.
What happened to Paramount Global Class B’s price movement after its last earnings report?
Paramount Global Class B reported an EPS of $0.54 in its last earnings report, beating expectations of $0.125. Following the earnings report the stock price went up 0.886%.
Which hedge fund is a major shareholder of Paramount Global Class B?
Among the largest hedge funds holding Paramount Global Class B’s share is Ariel Investments LLC. It holds Paramount Global Class B’s shares valued at 146M.
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Paramount Global Class B Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$12.55 (10.28% Upside)
$12.55 (10.28% Upside)
Blogger Sentiment
Bullish
PARA Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.77%
12-Months-Change
Fundamentals
Return on Equity
-30.01%
Trailing 12-Months
Asset Growth
-17.11%
Trailing 12-Months
Company Description
Paramount Global Class B
ViacomCBS Inc. is a diversified multinational mass media conglomerate. The company owns and operates broadcast television stations, and provides cable network services including subscription and a free streaming TV platform. It also engages in developing, producing, financing, acquiring, and distributing films, television programming, and other entertainment content. In addition, the company publishes and distributes adult and children's consumer books in digital, audio and printed formats.
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PARA Company Deck
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PARA Earnings Call
Q2 2024
0:00 / 0:00
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PARA Stock 12 Month Forecast
Average Price Target
$12.55
▲(10.28% Upside)
Technical Analysis
Best Analysts Covering PARA
1 Year
1 Year Success Rate
17/20 ratings generated profit
1 Year Average Return
+18.01%
reiterated a sell rating last month
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