Paramount Skydance Corporation (NASDAQ:PSKY) Given Consensus Recommendation of “Reduce” by Analysts

Paramount Skydance Corporation (NASDAQ:PSKY) has earned a consensus recommendation of “Reduce” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.3333.

A number of equities analysts recently issued reports on the company. Benchmark dropped their price objective on Paramount Skydance from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Arete Research reiterated a “sell” rating and set a $2.00 target price on shares of Paramount Skydance in a research report on Thursday, July 9th. Citizens Jmp started coverage on shares of Paramount Skydance in a research note on Monday. They set a “market outperform” rating and a $14.00 target price for the company. TD Cowen cut their price target on shares of Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. Finally, UBS Group reduced their price target on shares of Paramount Skydance from $10.00 to $8.00 and set a “sell” rating on the stock in a research note on Wednesday, August 5th.

Paramount Skydance News Roundup

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: The FCC approved foreign investment supporting Paramount Skydance’s Warner Bros. Discovery acquisition, removing one regulatory obstacle. However, the deal still faces litigation from a coalition of state attorneys general. US FCC approves foreign investment in Paramount Warner merger deal
• Positive Sentiment: Citizens JMP initiated coverage with a Buy rating, offering a bullish counterpoint to more cautious analyst commentary. Paramount Skydance initiated with a Buy at Citizens JMP
• Neutral Sentiment: California Attorney General Rob Bonta said he remains open to good-faith settlement talks over the merger. Paramount and Bonta are scheduled for settlement discussions in October, which could help resolve the legal overhang but also confirms that the lawsuit remains an unresolved deal risk. California AG discusses Paramount settlement talks
• Negative Sentiment: Barclays initiated coverage with an Underweight rating and an $8 price target, citing leverage, restructuring and execution risks tied to the Warner Bros. Discovery combination. The warning contributed to concern that the merger could strain Paramount’s balance sheet. Paramount Skydance falls as bearish coverage adds to merger-delay concerns
• Negative Sentiment: Additional coverage characterized the proposed mega-merger as vulnerable to significant execution risks, while reports that Paramount may leave California add uncertainty over costs, operations and its relationship with state officials. Paramount is today’s worst S&P 500 stock on a warning against mega-merger
• Negative Sentiment: Reports that the Justice Department may seek a $1.9 billion bond in connection with the transaction further highlight the potential financial and regulatory costs of completing the deal. Paramount Warner Bros. Discovery deal faces DOJ bond push

Hedge Funds Weigh In On Paramount Skydance

Institutional investors have recently modified their holdings of the stock. Huntington National Bank lifted its stake in shares of Paramount Skydance by 108.2% during 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 Paramount Skydance by 539.3% in the fourth 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 during the last quarter. Compass Financial Management LLC bought a new position in Paramount Skydance in the second quarter worth about $42,000. Canada Post Corp Registered Pension Plan bought a new position in Paramount Skydance in the fourth quarter worth about $45,000. Finally, CX Institutional lifted its position in shares of Paramount Skydance by 38.1% during the second quarter. CX Institutional now owns 4,612 shares of the company’s stock valued at $45,000 after buying an additional 1,273 shares during the last quarter. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance Stock Down 4.7%

Shares of NASDAQ:PSKY opened at $10.62 on Friday. Paramount Skydance has a 1 year low of $7.62 and a 1 year high of $20.86. The business has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $10.12. The firm has a market capitalization of $11.92 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%.The firm had revenue of $6.91 billion for the quarter. On average, equities analysts predict that Paramount Skydance will post 0.56 EPS for the current year.

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 15th. Paramount Skydance’s dividend payout ratio is currently 68.97%.

Paramount Skydance Company Profile

Paramount Skydance Corporation (NASDAQ: PSKY) is a global media and entertainment company formed through the combination of Paramount Global and Skydance Media. The company develops, produces and distributes feature films, television programming and other video content for audiences in the United States and international markets.

Its portfolio includes Paramount Pictures, CBS, Nickelodeon, MTV, Comedy Central, BET, Showtime and other well-known entertainment brands. Paramount Skydance also operates streaming services including Paramount+ and Pluto TV, as well as businesses involved in television broadcasting, news, sports and content licensing.

The company’s history includes Paramount Pictures, one of Hollywood’s longstanding film studios, and Skydance Media, a production company founded in 2010 by David Ellison.