The closing price of Paramount Global (NASDAQ: PARA) was $11.82 for the day, down -5.52% from the previous closing price of $12.51. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 24999501 shares were traded.
Ratios:
Our analysis of PARA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.47. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Rosenblatt on Mar-22-24, Upgraded its rating to Neutral and sets its target price to $13 from $9 previously.
On January 11, 2024, Redburn Atlantic Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $17 to $11.
MoffettNathanson Upgraded its Sell to Neutral on January 09, 2024, while the target price for the stock was maintained at $13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 8.12B and an Enterprise Value of 21.51B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 0.73 whereas that against EBITDA is 253.11.
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 12.46, while the 200-Day Moving Average is calculated to be 13.87.
Shares Statistics:
PARA traded an average of 17.39M shares per day over the past three months and 19.68M shares per day over the past ten days. A total of 612.00M shares are outstanding, with a floating share count of 577.33M. Insiders hold about 11.52% of the company’s shares, while institutions hold 73.70% stake in the company. Shares short for PARA as of Feb 29, 2024 were 84.8M with a Short Ratio of 4.88, compared to 83.26M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.00% and a Short% of Float of 14.68%.
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 3.12%, it implies a Forward Annual Dividend Yield of 1.69%. The stock’s 5-year Average Dividend Yield is 3.27.
Earnings Estimates
The firm’s stock currently is rated by 20 analysts. On average, analysts expect EPS of $0.32 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.1, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.14, 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 $1.11. EPS for the following year is $1.35, with 26 analysts recommending between $2.63 and $0.7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 23 analysts. It ranges from a high estimate of $8.1B to a low estimate of $7.64B. As of the current estimate, Paramount Global’s year-ago sales were $7.26B, an estimated increase of 7.50% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $7.46B, a decrease of -2.10% less than the figure of $7.50% in the same quarter last year. There is a high estimate of $7.65B for the next quarter, whereas the lowest estimate is $7.08B.
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 $29.98B, resulting in an average revenue estimate of $30.89B. In the same quarter a year ago, actual revenue was $29.65B, up 4.20% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $31.17B in the next fiscal year. The high estimate is $33.64B 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.
