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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$10.27
Volume5.72M
Average Volume (3M)8.52M
Market Cap
$7.31B
Enterprise Value$21.19B
Total Cash (Recent Filing)$2.31B
Total Debt (Recent Filing)$15.74B
Price to Earnings (P/E)―
Beta1.89
Next Earnings
Nov 08, 2024EPS Estimate
$0.23Next Dividend Ex-Date
Dec 16, 2024Dividend Yield1.95%
Share Statistics
EPS (TTM)-8.46
Shares Outstanding666,714,375
10 Day Avg. Volume5,365,459
30 Day Avg. Volume8,524,289
Standard Deviation0.17
R-Squared0.29
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)0.41
Price to Sales (P/S)0.23
Price to Cash Flow (P/CF)29.00
P/FCF Ratio171.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.72
Enterprise Value/Gross Profit2.92
Enterprise Value/Ebitda-4.71
Forecast
1Y Price Target
$12.67Price Target Upside23.37% Upside
Rating ConsensusHold
Number of Analyst Covering13
Paramount Global Class B News
Bulls Say, Bears Say
Bulls Say
Digital Ad RevenueTotal DTC ad revenues increased 13%, supported by ARPU that benefited from the mix of market launches and the price increase that was implemented in the second half of 2023.
Financial PerformanceAdjusted OIBDA increased by 43% year-over-year, significantly above estimates.
Management StrategyEncouraged by progress in DTC and current management efforts to streamline corporate structures and potentially offload non-core assets.
Bears Say
Financial PerformanceLower licensing and theatrical revenue is driving a decrease in PARA's revenue estimates.
Industry ChallengesThe industry continues to feel the impact of the end of 'peak-TV' in scripted series orders.
Uncertainty And Strategic MovesUncertainty about financial performance is heightened by the pending acquisition or merger and new management taking over.
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Ownership Overview
5.51% Insiders
17.21% Mutual Funds
1.98% Other Institutional Investors
49.42% 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 in 6 days.
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 1.95%. 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 $0.23.
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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9
10
Analyst Consensus
Hold
Average Price Target:
$12.67 (23.37% Upside)
$12.67 (23.37% 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
Neutral
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-4.50%
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
$12.67
▲(23.37% Upside)
Technical Analysis
Best Analysts Covering PARA
1 Year
1 Year Success Rate
19/20 ratings generated profit
1 Year Average Return
+20.40%
reiterated a sell rating 25 days ago
Copying Kannan Venkateshwar's trades and holding each position for 1 Year would result in 95.00% of your transactions generating a profit, with an average return of +20.40% per trade.
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