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

Paramount Skydance Corporation (NASDAQ:PSKY) has earned a consensus rating of “Reduce” from the fifteen research firms that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.7692.

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

Paramount Skydance Stock Performance

Shares of NASDAQ PSKY opened at $10.39 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $11.63 billion, a P/E ratio of 18.23, a P/E/G ratio of 0.78 and a beta of 1.43. Paramount Skydance has a 12 month low of $8.61 and a 12 month high of $20.86. The stock has a 50 day moving average of $10.35 and a 200-day moving average of $10.97.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.The business had revenue of $7.35 billion for the quarter. During the same quarter last year, the company posted $0.22 EPS. As a group, equities research analysts predict that Paramount Skydance will post 0.55 EPS for the current year.

Paramount Skydance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 15th. 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 currently 35.09%.

Hedge Funds Weigh In On Paramount Skydance

Several institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in Paramount Skydance during the third quarter worth about $25,000. Kelleher Financial Advisors acquired a new position in shares of Paramount Skydance during the 3rd quarter worth approximately $32,000. Huntington National Bank grew its position 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 in the last quarter. Larson Financial Group LLC increased its holdings in shares of Paramount Skydance by 539.3% during the fourth quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after purchasing an additional 1,936 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Paramount Skydance by 317.3% in the fourth quarter. Golden State Wealth Management LLC now owns 2,863 shares of the company’s stock valued at $38,000 after buying an additional 2,177 shares in the last quarter. 73.00% of the stock is currently owned by institutional investors and hedge funds.

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.