Paramount Skydance Corporation (NASDAQ:PSKY) Receives $14.00 Consensus Price Target from Analysts

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have earned an average recommendation of “Strong Sell” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.00.

Several brokerages have recently commented on PSKY. Argus began coverage on Paramount Skydance in a report on Monday, October 13th. They set a “hold” rating and a $17.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. Bank of America increased their price target on shares of Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Tuesday, November 11th. Evercore boosted their price objective on shares of Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th.

Paramount Skydance Trading Up 1.1%

PSKY stock opened at $10.68 on Thursday. Paramount Skydance has a 1-year low of $9.95 and a 1-year high of $20.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The firm has a 50 day moving average of $12.70. The company has a market cap of $11.45 billion, a price-to-earnings ratio of -355.88 and a beta of 1.24.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.37). The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.79 billion. Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.The firm’s revenue for the quarter was up 0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.

Paramount Skydance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, December 18th. Paramount Skydance’s dividend payout ratio (DPR) is presently -666.67%.

Institutional Investors Weigh In On Paramount Skydance

Several institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in Paramount Skydance in the third quarter valued at approximately $25,000. Huntington National Bank boosted its position in shares of Paramount Skydance by 108.2% in the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after purchasing an additional 1,174 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Paramount Skydance by 539.3% during the fourth quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after purchasing an additional 1,936 shares during the period. Kelleher Financial Advisors bought a new stake in Paramount Skydance in the third quarter valued at about $32,000. Finally, Center for Financial Planning Inc. acquired a new position in Paramount Skydance in the third quarter valued at about $35,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

About Paramount Skydance

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.