Paramount Group (NYSE:PGRE) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Paramount Group (NYSE:PGRE) released its quarterly earnings results on Thursday. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The firm had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group updated its FY 2025 guidance to 0.510-0.570 EPS.

Paramount Group Stock Down 2.4 %

Shares of NYSE:PGRE opened at $4.49 on Friday. The company has a market cap of $976.66 million, a price-to-earnings ratio of -4.54 and a beta of 1.22. Paramount Group has a fifty-two week low of $4.30 and a fifty-two week high of $5.47. The firm’s 50-day simple moving average is $4.74 and its 200-day simple moving average is $4.87. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Analyst Upgrades and Downgrades

Separately, Mizuho dropped their price target on Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.63.

Paramount Group Company Profile

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.