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Paramount Global (PARA)

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11.07 -0.46 (-3.99%)
At close: 4:00 pm GMT-5
11.08 +0.01 (+0.09%)
After hours: 5:43 pm GMT-5
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DELL
  • Previous close 11.53
  • Open 11.51
  • Bid 11.03 x 500
  • Ask 11.11 x 600
  • Day's range 10.87 - 11.54
  • 52-week range 9.54 - 17.50
  • Volume 15,664,607
  • Avg. Volume 8,075,265
  • Market cap (intra-day) 7.791B
  • Beta (5Y monthly) 1.77
  • PE ratio (TTM) --
  • EPS (TTM) -8.74
  • Earnings date 8 Nov 2024
  • Forward dividend & yield 0.20 (1.73%)
  • Ex-dividend date 16 Dec 2024
  • 1y target est 11.95

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands. This segment also offers domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consisting of CBS News Streaming and CBS Sports HQ. The Direct-to-Consumer segment provides a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+, and Noggin. The Filmed Entertainment segment produces and acquires films, series, and short-form content for release and licensing around the world, including in theaters, on streaming services, on television, through digital home entertainment, and DVDs/Blu-rays; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax. It also offers production, distribution, and advertising solutions. The company was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was founded in 1914 and is headquartered in New York, New York. Paramount Global is a subsidiary of National Amusements, Inc.

www.paramount.com

21,900

Full-time employees

31 December

Fiscal year ends

Communication Services

Sector

Entertainment

Industry

Recent news: PARA

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Related videos: PARA

Media M&A unlikely to see uptick under Trump: CFRA analyst

Following Donald Trump's reelection as the 47th President of the United States, media companies are closely monitoring potential regulatory changes that could affect merger and acquisition (M&A) prospects within the streaming space. Warner Bros. Discovery (WBD) CEO David Zaslav expressed optimism about potential industry changes, noting earlier this week that "it's too early to tell, but it may offer a pace of change and an opportunity for consolidation" that could be "positive" and accelerate the industry. CFRA Director of Global Fundamental Research Ken Leon tells Morning Brief that in the streaming space, legacy TV companies are "trying to catch up to Netflix (NFLX);" however, "it's a really tough battle." He emphasizes that "overshadowing" this dilemma are Big Tech companies increasingly entering the streaming space with their own platforms. "I don't think you're going to see these mega-mergers of... companies that are declining," he tells Yahoo Finance, adding that "technology has created a very different business model that's hard for some of these companies to catch up." Leon suggests that while a second Trump administration's regulatory policies might create a more merger-friendly environment in the space, the likelihood of large enterprises in the streaming sector being bought out or entering major deals is "probably not likely." While discussing earnings results from Paramount Global (PARA, PARAA) and WBD, Leon looks ahead to the expectations for Disney's (DIS) fiscal fourth quarter; Disney will report earnings on Thursday, November 14. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

Performance overview: PARA

Trailing total returns as of 08/11/2024, which may include dividends or other distributions. Benchmark is

.

YTD return

PARA
24.10%
S&P 500
25.70%

1-year return

PARA
12.29%
S&P 500
36.94%

3-year return

PARA
66.88%
S&P 500
27.63%

5-year return

PARA
66.37%
S&P 500
94.33%

Compare to: PARA

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Statistics: PARA

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Valuation measures

As of 07/11/2024
  • Market cap

    8.12B

  • Enterprise value

    21.54B

  • Trailing P/E

    --

  • Forward P/E

    7.37

  • PEG ratio (5-yr expected)

    0.29

  • Price/sales (ttm)

    0.26

  • Price/book (mrq)

    0.47

  • Enterprise value/revenue

    0.74

  • Enterprise value/EBITDA

    23.71

Financial highlights

Profitability and income statement

  • Profit margin

    -17.62%

  • Return on assets (ttm)

    3.17%

  • Return on equity (ttm)

    -29.10%

  • Revenue (ttm)

    29.27B

  • Net income avi to common (ttm)

    -5.77B

  • Diluted EPS (ttm)

    -8.74

Balance sheet and cash flow

  • Total cash (mrq)

    2.32B

  • Total debt/equity (mrq)

    92.89%

  • Levered free cash flow (ttm)

    15.85B

Research analysis: PARA

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Earnings per share

Consensus EPS
 

Revenue vs. Earnings

Revenue 6.81B
Earnings -5.41B
Q3'23
Q4'23
Q1'24
Q2'24
-5B
0
5B
 

Analyst recommendations

  • Strong buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analysts' price targets

10.00
11.95 Average
11.07 Current
19.00 High
 

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