The price of Paramount Global (NASDAQ: PARA) closed at $11.45 in the last session, up 1.78% from day before closing price of $11.25. In other words, the price has increased by $+0.20 from its previous closing price. On the day, 9143238 shares were traded.
Ratios:
We take a closer look at PARA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.82. 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 March 21, 2024, 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 7.72B and an Enterprise Value of 21.12B. 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 0.33. Its current Enterprise Value per Revenue stands at 0.71 whereas that against EBITDA is 248.45.
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 12.37, while the 200-Day Moving Average is calculated to be 13.83.
Shares Statistics:
According to the various share statistics, PARA traded on average about 17.29M shares per day over the past 3-months and 19.22M shares per day over the past 10 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 4.90, 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
The forward annual dividend rate for PARA is 0.20, which was 0.39 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.47%, it implies a Forward Annual Dividend Yield of 1.75%. The stock’s 5-year Average Dividend Yield is 3.27.
Earnings Estimates
The company has 20 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.32 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.07, 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
According to 23 analysts, the current quarter’s revenue is expected to be $7.81B. 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.
