Paramount Skydance Shares to Split on Monday, October 5th (NASDAQ:PSKY)

Paramount Skydance Corporation (NASDAQ:PSKY) shares are scheduled to split on the morning of Monday, October 5th. The 2-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Sunday, October 4th.

Paramount Skydance Stock Performance

Shares of NASDAQ:PSKY opened at $10.33 on Thursday. The firm has a market capitalization of $11.59 billion, a PE ratio of 35.62, a P/E/G 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. The business has a 50-day moving average of $9.91 and a two-hundred day moving average of $10.04. Paramount Skydance has a 12 month low of $7.62 and a 12 month high of $19.45.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $6.91 billion for the quarter. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. As a group, research analysts forecast that Paramount Skydance will post 0.5 earnings per share for the current year.

Paramount Skydance Dividend Announcement

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

Trending Headlines about Paramount Skydance

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

• Positive Sentiment: A U.S. judge approved a settlement with state attorneys general, removing a major legal obstacle and allowing Paramount to proceed toward closing its approximately $81 billion acquisition of Warner Bros. Discovery. The companies also announced an anticipated closing date, improving deal certainty. U.S. judge allows Paramount to close Warner Bros acquisition
• Positive Sentiment: Paramount Chairman and CEO David Ellison named Ynon Kreiz, the former Mattel chief executive, as co-CEO of the combined company. Kreiz is expected to oversee day-to-day operations and integration, while Ellison will focus on strategy, creative operations and technology. The appointment may reassure investors about the merger’s operating leadership. Paramount announces Ynon Kreiz as co-CEO
• Neutral Sentiment: The merger is expected to create a much larger media company capable of competing with Netflix and YouTube. However, realizing those benefits will depend on successfully integrating the businesses, improving streaming economics and generating cost and revenue synergies.
• Negative Sentiment: Paramount is relying on a very large debt package and bond offering to fund the Warner Bros. Discovery transaction. The financing increases leverage and interest expense, while recent debt-market activity and credit concerns highlight balance-sheet risk. Paramount launches debt sale for Warner Bros. deal
• Negative Sentiment: Paramount’s streaming chief Cindy Holland is leaving ahead of the merger, with HBO executive Casey Bloys expected to lead the combined streaming business. The leadership change could support integration, but it also adds execution uncertainty during a sensitive transition. Paramount streaming chief exits ahead of merger

Analysts Set New Price Targets

PSKY has been the subject of several research reports. Barclays started coverage on shares of Paramount Skydance in a research note on Thursday, September 17th. They set an “underweight” rating and a $8.00 price objective for the company. Weiss Ratings raised shares of Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Arete Research restated a “sell” rating and set a $2.00 target price on shares of Paramount Skydance in a report on Thursday, July 9th. TD Cowen decreased their price target on shares of Paramount Skydance from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Finally, Benchmark lowered their price target on Paramount Skydance from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and a consensus target price of $11.17.

Institutional Trading of Paramount Skydance

Several large investors have recently bought and sold shares of the company. Contrarius Group Holdings Ltd raised its stake in shares of Paramount Skydance by 52.9% during the fourth quarter. Contrarius Group Holdings Ltd now owns 15,088,097 shares of the company’s stock valued at $202,180,000 after purchasing an additional 5,221,622 shares during the period. MTCO Ltd. boosted its stake in shares of Paramount Skydance by 21.4% in the second quarter. MTCO Ltd. now owns 7,650,000 shares of the company’s stock valued at $75,429,000 after purchasing an additional 1,350,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Paramount Skydance by 126.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,970,920 shares of the company’s stock valued at $35,812,000 after purchasing an additional 2,216,433 shares during the period. LTS Liquid Investments LLC grew its holdings in Paramount Skydance by 68.7% during the 1st quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company’s stock valued at $18,316,000 after purchasing an additional 827,248 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Paramount Skydance by 106.4% during the 1st quarter. SG Americas Securities LLC now owns 1,597,902 shares of the company’s stock valued at $14,413,000 after purchasing an additional 823,629 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

About Paramount Skydance

Paramount Skydance Corporation (NASDAQ: PSKY) is a global media and entertainment company formed through the 2025 combination of Paramount Global and Skydance Media. The company develops, produces, and distributes feature films, television programming, live news, sports, and other entertainment content for audiences worldwide.

Its portfolio includes Paramount Pictures, CBS, Paramount+, Pluto TV, and a range of cable and international television networks. The company’s content and brands include film franchises, scripted and unscripted television programs, news and sports broadcasts, streaming video, and ad-supported digital entertainment.

Paramount Skydance serves viewers in the United States and international markets through theatrical releases, broadcast television, pay television, streaming platforms, digital services, and licensing arrangements.