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Paramount Global (PARAA)

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22.11 +0.06 (+0.29%)
As of 10:40 AM EDT. Market Open.
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DELL
  • Previous Close 22.05
  • Open 22.05
  • Bid 21.96 x 200
  • Ask 22.44 x 200
  • Day's Range 22.05 - 22.32
  • 52 Week Range 13.40 - 26.34
  • Volume 10,689
  • Avg. Volume 84,565
  • Market Cap (intraday) 8.332B
  • Beta (5Y Monthly) 1.80
  • PE Ratio (TTM) --
  • EPS (TTM) -1.13
  • Earnings Date Aug 8, 2024
  • Forward Dividend & Yield 0.20 (0.90%)
  • Ex-Dividend Date Jun 17, 2024
  • 1y Target Est 14.12

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

December 31

Fiscal Year Ends

Recent News: PARAA

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Related Videos: PARAA

Small caps, biggest themes in the media landscape: Catalysts

On today's episode of Catalysts, hosts Seana Smith and Madison Mills break down major market trends from the rise of small-cap stocks to the mergers and acquisitions activity within the media industry. The Russell 2000 (^RUT) has risen by more than 10% in the last five trading sessions, marking the longest streak of gains for the small-cap index since April 2020. MAI Capital Management chief equity strategist Chris Grisanti believes that small caps are still "underpriced" despite the Russell 2000 having "its biggest move in terms of standard deviations that we've seen in more than 30 years over the last week." He adds that small-cap stocks are cheap buying opportunities: "I don't think it's too late to initiate positions if you haven't already." Retail stocks are on the move as shares of Five Below (FIVE) sink nearly 20% after the retailer announced its CEO Joel Anderson is resigning. The retailer also lowered its second quarter guidance. Meanwhile, shares of Vans parent company VF Corporation (VFC) are jumping on reports that the apparel company will be selling its Supreme brand to European eyewear brand EssilorLuxottica (EL.PA, ESLOY) for $1.5 billion. Paramount Global's (PARA, PARAA) plans to merge with Skydance Media have left investors pondering whether more M&A deals could be in the media landscape's future. As part of this week's Media, Streaming, & Investing: What's Next special, Market Domination host Josh Lipton breaks down analysts' forecasts for mergers and acquisitions in the media industry and the potential headwinds media companies face as the 2024 presidential election nears. LightShed Partners partner and media & technology analyst Rich Greenfield believes that "no major M&A would happen this year, and I think that's what played out," believing media M&A deals such as Paramount's merger with Skydance will be finalized in 2025 due to regulatory concerns. Catch more Yahoo Finance coverage on the media and streaming landscapes as part of this week's Media, Streaming, & Investing: What's Next special. This post was written by Melanie Riehl

Performance Overview: PARAA

Trailing total returns as of 7/18/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PARAA
13.05%
S&P 500
16.98%

1-Year Return

PARAA
25.39%
S&P 500
23.37%

3-Year Return

PARAA
46.02%
S&P 500
28.95%

5-Year Return

PARAA
49.09%
S&P 500
78.99%

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Statistics: PARAA

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Valuation Measures

Annual
As of 7/17/2024
  • Market Cap

    8.33B

  • Enterprise Value

    21.75B

  • Trailing P/E

    --

  • Forward P/E

    22.47

  • PEG Ratio (5yr expected)

    0.51

  • Price/Sales (ttm)

    0.48

  • Price/Book (mrq)

    0.67

  • Enterprise Value/Revenue

    0.72

  • Enterprise Value/EBITDA

    23.96

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -0.15%

  • Return on Assets (ttm)

    2.64%

  • Return on Equity (ttm)

    -2.90%

  • Revenue (ttm)

    30.07B

  • Net Income Avi to Common (ttm)

    -742M

  • Diluted EPS (ttm)

    -1.13

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.38B

  • Total Debt/Equity (mrq)

    70.77%

  • Levered Free Cash Flow (ttm)

    15.06B

Research Analysis: PARAA

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Earnings Per Share

Consensus EPS
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

10.00 Low
14.12 Average
22.11 Current
25.00 High
 

Company Insights: PARAA

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