As of close of business last night, Paramount Global’s stock clocked out at $11.06, down -7.60% from its previous closing price of $11.97. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 36758187 shares were traded.
Ratios:
To gain a deeper understanding of PARA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.70.
On March 21, 2024, Rosenblatt Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $9 to $13.
Redburn Atlantic Downgraded its Neutral to Sell on January 11, 2024, whereas the target price for the stock was revised from $17 to $11.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 16 ’23 when REDSTONE SHARI bought 165,000 shares for $15.06 per share. The transaction valued at 2,485,560 led to the insider holds 577,064 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PARA now has a Market Capitalization of 7.75B and an Enterprise Value of 21.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 0.71 whereas that against EBITDA is 248.85.
Stock Price History:
Over the past 52 weeks, PARA has reached a high of $24.00, while it has fallen to a 52-week low of $10.16. The 50-Day Moving Average of the stock is 12.09, while the 200-Day Moving Average is calculated to be 13.63.
Shares Statistics:
It appears that PARA traded 19.02M shares on average per day over the past three months and 26.88M shares per day over the past ten days. A total of 612.00M shares are outstanding, with a floating share count of 588.33M. Insiders hold about 11.42% of the company’s shares, while institutions hold 72.40% stake in the company. Shares short for PARA as of Mar 15, 2024 were 90.26M with a Short Ratio of 4.75, compared to 82.1M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.83% and a Short% of Float of 15.63%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.39, PARA has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 3.26%, it implies a Forward Annual Dividend Yield of 1.81%. The stock’s 5-year Average Dividend Yield is 3.27.
Earnings Estimates
As of right now, 22 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.07, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.12, with high estimates of $0.33 and low estimates of -$0.11.
Analysts are recommending an EPS of between $1.64 and $0.7 for the fiscal current year, implying an average EPS of $1.09. EPS for the following year is $1.34, with 26 analysts recommending between $2.45 and $0.7.
Revenue Estimates
In the current quarter, 23 analysts expect revenue to total $7.77B. It ranges from a high estimate of $8.1B to a low estimate of $7.44B. As of the current estimate, Paramount Global’s year-ago sales were $7.26B, an estimated increase of 6.90% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $7.4B, a decrease of -2.80% less than the figure of $6.90% in the same quarter last year. There is a high estimate of $7.65B for the next quarter, whereas the lowest estimate is $6.96B.
A total of 27 analysts have provided revenue estimates for PARA’s current fiscal year. The highest revenue estimate was $31.74B, while the lowest revenue estimate was $29.69B, resulting in an average revenue estimate of $30.8B. In the same quarter a year ago, actual revenue was $29.65B, up 3.90% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $31.09B in the next fiscal year. The high estimate is $32.71B and the low estimate is $29.95B. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.
