Paramount Group (NYSE:PGRE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Paramount Group (NYSE:PGRE) posted its quarterly earnings results on Thursday. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. The company had revenue of $186.27 million for the quarter, compared to analysts’ expectations of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. Paramount Group updated its FY 2025 guidance to 0.510-0.570 EPS.

Paramount Group Stock Down 2.0 %

Paramount Group stock opened at $4.51 on Friday. Paramount Group has a 1-year low of $4.30 and a 1-year high of $5.47. The firm has a market capitalization of $981.01 million, a price-to-earnings ratio of -4.60 and a beta of 1.22. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $4.74 and a 200 day simple moving average of $4.87.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their price objective on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.63.

Paramount Group Company Profile

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.