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

Paramount Skydance Corporation (NASDAQ:PSKY) has been given a consensus rating of “Strong Sell” by the fourteen analysts that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.00.

Several equities analysts have recently issued reports on PSKY shares. Wolfe Research reiterated an “underperform” rating and set a $13.00 target price on shares of Paramount Skydance in a report on Monday, December 15th. Evercore ISI raised their price objective on Paramount Skydance from $12.00 to $14.00 and gave the company an “in-line” rating in a research report on Tuesday, November 11th. Zacks Research lowered Paramount Skydance from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Sanford C. Bernstein upped their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen upgraded shares of Paramount Skydance to a “hold” rating in a report on Saturday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Paramount Skydance by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock worth $482,481,000 after buying an additional 132,613 shares in the last quarter. State Street Corp purchased a new stake in shares of Paramount Skydance during the 3rd quarter valued at about $524,371,000. Invesco Ltd. purchased a new stake in shares of Paramount Skydance during the 3rd quarter valued at about $288,551,000. Barclays PLC bought a new stake in shares of Paramount Skydance in the third quarter worth approximately $258,196,000. Finally, Contrarius Group Holdings Ltd purchased a new position in shares of Paramount Skydance during the third quarter valued at approximately $186,674,000. 73.00% of the stock is owned by institutional investors.

Paramount Skydance Trading Down 0.6%

Shares of PSKY stock opened at $10.75 on Thursday. The firm’s fifty day simple moving average is $13.02. The company has a market cap of $11.52 billion, a PE ratio of -358.21 and a beta of 1.23. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. Paramount Skydance has a 12 month low of $9.95 and a 12 month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue was up 0% on a year-over-year basis.

Paramount Skydance Announces Dividend

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

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.