Skydance Corporation (NYSE:SKYD) Stock Has Consensus Target Price of $5.59

Shares of Skydance Corporation (NYSE:SKYD) have been assigned a consensus rating of “Reduce” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.59.

SKYD has been the topic of a number of recent research reports. Benchmark cut their price objective on shares of Skydance from $9.50 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Skydance from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. UBS Group lowered their target price on shares of Skydance from $5.00 to $4.00 and set a “sell” rating for the company in a report on Wednesday, August 5th. TD Cowen dropped their price target on Skydance from $6.50 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Finally, Stephens reissued a “buy” rating on shares of Skydance in a research report on Friday.

Skydance Stock Down 4.7%

NYSE:SKYD opened at $6.92 on Tuesday. 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 firm’s 50-day moving average price is $5.88 and its 200-day moving average price is $5.30. The company has a market capitalization of $7.76 billion, a PE ratio of 23.86 and a beta of 1.53. Skydance has a 1-year low of $6.63 and a 1-year high of $17.29.

Skydance (NYSE:SKYD) last issued its quarterly earnings results on Tuesday, August 4th. The media and entertainment company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Skydance had a negative net margin of 2.13% and a positive return on equity of 4.11%. The company had revenue of $6.91 billion during the quarter. On average, equities analysts predict that Skydance will post -0.37 EPS for the current fiscal year.

Skydance Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.0250 per share. This is a drop from Skydance’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.10 dividend on an annualized basis and a yield of 1.4%. Skydance’s dividend payout ratio is 68.97%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in shares of Skydance in the second quarter worth $42,000. CX Institutional increased its holdings in shares of Skydance by 38.1% during the second quarter. CX Institutional now owns 4,612 shares of the media and entertainment company’s stock valued at $45,000 after acquiring an additional 1,273 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Skydance by 18.0% during the first quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the media and entertainment company’s stock valued at $59,000 after acquiring an additional 1,000 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Skydance during the first quarter valued at $61,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Skydance in the 2nd quarter worth about $75,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Key Stories Impacting Skydance

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: AEW executives said they remain optimistic about the wrestling promotion’s outlook and described Skydance CEO David Ellison as enthusiastic about AEW. Continued support could strengthen Skydance’s sports and entertainment content strategy, although the financial terms and impact remain unclear. Tony Khan Reveals How Skydance Boss David Ellison Has Reacted to AEW Tony Khan Doubles Down on AEW’s Outlook After Skydance News
• Neutral Sentiment: A former NBC and Skydance executive is reportedly pursuing linear-television assets. Such acquisitions could provide Skydance with additional content and distribution opportunities, but they could also require substantial capital and add to integration risk. Former NBC, Skydance Executive Seeks Linear TV Assets
• Neutral Sentiment: Skydance’s new film era will begin with projects including Street Fighter and Clayface. Their performance could materially affect the company’s post-merger growth prospects, but investors currently face meaningful execution and box-office risk. Street Fighter and Clayface Kick Off Skydance Film Era
• Negative Sentiment: Ricochet, the Skydance-owned producer behind The Repair Shop, is reportedly making layoffs. The reductions may lower costs, but they also signal pressure within the production business. Ricochet Makes Layoffs
• Negative Sentiment: Skydance shares fell sharply after nearly 471 million warrants began trading separately. The company characterized the move as a technical adjustment, but the large warrant supply has increased dilution concerns and contributed to the stock reaching a new 52-week low. Skydance Shares Plunge After Warrant Distribution
• Negative Sentiment: Morningstar reportedly sees Skydance’s streaming ambitions facing a roughly $12 valuation and a heavy debt burden. Analysts and investors remain concerned about leverage, the cost of building streaming scale and the company’s ability to generate sustainable profits. Morningstar Cites Valuation and Debt Concerns Skydance: Here Comes The Flood
• Negative Sentiment: Inflation and interest-rate concerns have added to pressure on media and technology stocks, amplifying Skydance’s decline. Skydance Shares Tumble Amid Market Volatility

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.