Paramount Skydance Corporation (NASDAQ:PSKY) Receives Consensus Rating of “Strong Sell” from Analysts

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have been given an average rating of “Strong Sell” by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.00.

A number of equities research analysts have weighed in on the company. TD Cowen reduced their price objective on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Morgan Stanley lifted their target price on shares of Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, December 9th. Wells Fargo & Company assumed coverage on shares of Paramount Skydance in a research report on Monday, March 9th. They issued a “strong sell” rating and a $10.00 price target for the company. Wolfe Research reiterated an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research note on Monday, December 15th. Finally, Zacks Research raised shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th.

Hedge Funds Weigh In On Paramount Skydance

Several institutional investors have recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. acquired a new stake in Paramount Skydance during the 3rd quarter worth approximately $462,000. Czech National Bank acquired a new position in shares of Paramount Skydance in the third quarter valued at approximately $1,484,000. Wedmont Private Capital acquired a new position in shares of Paramount Skydance in the third quarter valued at approximately $261,000. Hedges Asset Management LLC purchased a new stake in shares of Paramount Skydance during the third quarter worth approximately $248,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Paramount Skydance during the third quarter worth $751,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Stock Down 3.8%

PSKY opened at $8.88 on Friday. Paramount Skydance has a one year low of $8.61 and a one year high of $20.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.12 and a current ratio of 1.26. The stock has a market capitalization of $9.87 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15. The business’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $13.97.

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

Paramount Skydance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. 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.