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

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have been given a consensus recommendation of “Reduce” by the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.7692.

Several equities analysts have recently commented on the stock. Bank of America dropped their target price on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research report on Tuesday, March 10th. Guggenheim reduced their price target on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company decreased their price objective on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a report on Wednesday, June 24th.

Paramount Skydance Stock Performance

PSKY opened at $10.39 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. Paramount Skydance has a 52-week low of $8.61 and a 52-week high of $20.86. The firm has a market cap of $11.63 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The business’s fifty day moving average is $10.35 and its 200-day moving average is $10.97.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $7.35 billion during the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period in the prior year, the company earned $0.22 EPS. Sell-side analysts expect that Paramount Skydance will post 0.55 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 15th. Paramount Skydance’s dividend payout ratio is currently 35.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new position in Paramount Skydance during the third quarter worth about $25,000. Huntington National Bank lifted its holdings in shares of Paramount Skydance by 108.2% in the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Paramount Skydance by 539.3% in the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock valued at $31,000 after purchasing an additional 1,936 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in shares of Paramount Skydance in the 3rd quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Paramount Skydance by 317.3% during the 4th quarter. Golden State Wealth Management LLC now owns 2,863 shares of the company’s stock valued at $38,000 after purchasing an additional 2,177 shares during the last quarter. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Company Profile

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.