In the latest session, Paramount Global (NASDAQ: PARA) closed at $11.25 up 1.44% from its previous closing price of $11.09. In other words, the price has increased by $+0.16 from its previous closing price. On the day, 25033218 shares were traded.
Ratios:
For a deeper understanding of Paramount Global’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.77.
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, Redburn Atlantic on January 11, 2024, Downgraded its rating to Sell and sets its target price to $11 from $17 previously.
On January 09, 2024, MoffettNathanson Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $13.
Wells Fargo Upgraded its Underweight to Equal Weight on December 20, 2023, whereas the target price for the stock was revised from $15 to $18.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 16 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 22.92B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is -189.41.
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 $10.51. The 50-Day Moving Average of the stock is 13.88, while the 200-Day Moving Average is calculated to be 14.24.
Shares Statistics:
For the past three months, PARA has traded an average of 17.18M shares per day and 16.52M over the past ten days. A total of 609.00M shares are outstanding, with a floating share count of 576.53M. Insiders hold about 11.49% of the company’s shares, while institutions hold 73.78% stake in the company. Shares short for PARA as of Jan 31, 2024 were 83.26M with a Short Ratio of 4.85, compared to 70.59M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.78% and a Short% of Float of 14.44%.
Dividends & Splits
According to the company, the forward annual dividend rate for PARA is 0.39, from 0.58 in the trailing year. Against a Trailing Annual Dividend Yield of 5.23%, it implies a Forward Annual Dividend Yield of 1.78%. The stock’s 5-year Average Dividend Yield is 3.23.
Earnings Estimates
There are 22 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.11 and a low estimate of -$0.35, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.32, with high estimates of $0.45 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.64 and $0.2 for the fiscal current year, implying an average EPS of $0.51. EPS for the following year is $1.09, with 26 analysts recommending between $1.72 and $0.75.
Revenue Estimates
A total of 23 analysts believe the company’s revenue will be $7.84B this quarter.It ranges from a high estimate of $8.2B to a low estimate of $7.57B. As of the current estimate, Paramount Global’s year-ago sales were $8.13B, an estimated decrease of -3.50% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $7.88B, an increase of 8.50% over than the figure of -$3.50% in the same quarter last year. There is a high estimate of $7.99B for the next quarter, whereas the lowest estimate is $7.8B.
A total of 29 analysts have provided revenue estimates for PARA’s current fiscal year. The highest revenue estimate was $30.51B, while the lowest revenue estimate was $29.59B, resulting in an average revenue estimate of $29.9B. In the same quarter a year ago, actual revenue was $30.15B, down -0.80% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $31.28B in the next fiscal year. The high estimate is $32.14B and the low estimate is $30.4B. The average revenue growth estimate for next year is up 4.60% from the average revenue estimate for this year.
