Paramount Skydance Corporation (NASDAQ:PSKY) Receives Average Rating of “Reduce” from Brokerages

Paramount Skydance Corporation (NASDAQ:PSKY) has received a consensus rating of “Reduce” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.7692.

Several equities analysts have recently issued reports on the stock. Benchmark boosted their price target on shares of Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Guggenheim lifted their price objective on shares of Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday. Sanford C. Bernstein boosted their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a research note on Wednesday, November 12th. Bank of America upped their target price on shares of Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 11th. Finally, Evercore raised their price target on shares of Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a research note on Tuesday, November 11th.

Institutional Trading of Paramount Skydance

Several hedge funds have recently added to or reduced their stakes in PSKY. Hsbc Holdings PLC boosted its position in Paramount Skydance by 23.9% during the 4th quarter. Hsbc Holdings PLC now owns 545,576 shares of the company’s stock worth $7,312,000 after acquiring an additional 105,218 shares during the period. Virtu Financial LLC acquired a new position in shares of Paramount Skydance during the fourth quarter valued at $191,000. Invesco Ltd. raised its stake in shares of Paramount Skydance by 1.0% during the fourth quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock valued at $206,451,000 after purchasing an additional 155,679 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Paramount Skydance by 290.6% in the fourth quarter. Corient Private Wealth LLC now owns 59,588 shares of the company’s stock worth $798,000 after purchasing an additional 44,333 shares during the period. Finally, Mackenzie Financial Corp grew its position in Paramount Skydance by 390.5% in the 4th quarter. Mackenzie Financial Corp now owns 81,142 shares of the company’s stock valued at $1,094,000 after buying an additional 64,598 shares in the last quarter. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Up 2.1%

Shares of NASDAQ PSKY opened at $11.99 on Monday. Paramount Skydance has a 12-month low of $9.95 and a 12-month high of $20.86. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 19.03 and a beta of 1.15. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. The stock’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $14.49.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $999.02. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.17 billion.

Paramount Skydance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s dividend payout ratio is 31.75%.

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.