FY2024 EPS Estimate for Paramount Global Boosted by Analyst

Paramount Global (NASDAQ:PARAA) – Stock analysts at Seaport Res Ptn boosted their FY2024 EPS estimates for shares of Paramount Global in a research report issued to clients and investors on Sunday, November 10th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $2.25 per share for the year, up from their previous forecast 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 Paramount Global stock opened at $22.15 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The stock’s fifty day moving average price is $21.91 and its 200-day moving average price is $21.55. Paramount Global has a 12 month low of $15.55 and a 12 month high of $26.34.

Institutional Trading of Paramount Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in shares of Paramount Global by 2.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,927,163 shares of the company’s stock worth $63,900,000 after buying an additional 74,752 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Paramount Global by 0.6% during the first quarter. Gabelli Funds LLC now owns 1,863,691 shares of the company’s stock worth $40,684,000 after purchasing an additional 11,300 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Paramount Global by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 682,998 shares of the company’s stock valued at $14,910,000 after purchasing an additional 69,084 shares during the last quarter. Poehling Capital Management INC. boosted its position in shares of Paramount Global by 10.2% in the 2nd quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock worth $7,967,000 after purchasing an additional 40,142 shares in the last quarter. Finally, Mark Asset Management LP purchased a new position in Paramount Global during the 2nd quarter worth $3,351,000. Institutional investors own 5.98% of the company’s stock.

Paramount Global Announces Dividend

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