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Paramount Global Class B (PARA)
NASDAQ:PARA
Paramount Global Class B (PARA) Stock Price & Analysis
4,239 Followers
PARA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.54 - $17.28
Previous Close$11.56
Volume6.54M
Average Volume (3M)18.81M
Market Cap
$8.11B
Enterprise Value$22.03B
Total Cash (Recent Filing)$2.46B
Total Debt (Recent Filing)$15.86B
Price to Earnings (P/E)―
Beta1.67
Next Earnings
Aug 08, 2024EPS Estimate
$0.12Last Dividend Ex-Date
Jun 17, 2024Dividend Yield1.73%
Share Statistics
EPS (TTM)-0.82
Shares Outstanding666,478,682
10 Day Avg. Volume20,643,513
30 Day Avg. Volume18,810,464
Standard Deviation0.17
R-Squared0.31
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)1.98
Price to Sales (P/S)0.21
Price to Cash Flow (P/CF)3.80
P/FCF Ratio3.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.74
Enterprise Value/Gross Profit3.03
Enterprise Value/Ebitda-18.73
Forecast
1Y Price Target
$12.00Price Target Upside3.63% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering20
Paramount Global Class B News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceEstimates indicate free cash flow improvement and growth by 2026 and 2027.
Mergers And AcquisitionsThe Skydance transaction brings new ownership, more capital, new verticals, and a focus on tech.
Strategic InitiativesThe long-term vision for new Paramount is to manage declining businesses for margin and maximize opportunities in streaming and studios.
Bears Say
Financial PerformanceThere is a lack of current free cash flow generation with an over-levered balance sheet.
Industry ExposureParamount has industry-high exposure to declining linear TV revenues.
Internal DisruptionThe last 6 months have seen governance weakened, the CEO fired in favor of management by committee, likely internal disruption to rank-and-file morale, massive golden parachutes and probably a lot of deal-related expenses.
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Ownership Overview
9.56% Insiders
20.72% Mutual Funds
23.45% Other Institutional Investors
46.28% 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 $17.28 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 Aug 08, 2024 which is in 14 days.
How were Paramount Global Class B’s earnings last quarter?
Paramount Global Class B released its earnings results on Apr 29, 2024. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.355 by $0.265.
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 1.73%. 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 $0.12.
How many shares outstanding does Paramount Global Class B have?
Paramount Global Class B has 625,775,900 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 $0.62 in its last earnings report, beating expectations of $0.355. Following the earnings report the stock price went down -7.055%.
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 142M.
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Paramount Global Class B Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
$12.00 (3.63% Upside)
$12.00 (3.63% Upside)
Blogger Sentiment
Bullish
PARA Sentiment 76%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 53.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 1.6%
Last 30 Days ▼ 1.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.97%
12-Months-Change
Fundamentals
Return on Equity
-3.13%
Trailing 12-Months
Asset Growth
-8.02%
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
Q1 2024
0:00 / 0:00
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PARA Stock 12 Month Forecast
Average Price Target
$12.00
▲(3.63% Upside)
Technical Analysis
Best Analysts Covering PARA
1 Year
1 Year Success Rate
15/18 ratings generated profit
1 Year Average Return
+17.35%
assigned a sell rating 17 days ago
Copying Kannan Venkateshwar's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +17.35% per trade.
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