Paramount Skydance Corporation (NASDAQ:PSKY) Receives Consensus Recommendation of “Strong Sell” from Analysts

Paramount Skydance Corporation (NASDAQ:PSKY) has been assigned a consensus recommendation of “Strong Sell” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.00.

A number of brokerages recently commented on PSKY. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. TD Cowen cut their target price on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company began coverage on Paramount Skydance in a report on Monday, March 9th. They issued a “strong sell” rating and a $10.00 price target for the company. Bank of America decreased their price target on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 10th. Finally, Morgan Stanley increased their price objective on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 9th.

Paramount Skydance Stock Down 3.8%

Shares of Paramount Skydance stock opened at $8.88 on Friday. Paramount Skydance has a one year low of $8.61 and a one year high of $20.86. The company has a market cap of $9.87 billion, a P/E ratio of 14.10, a PEG ratio of 0.38 and a beta of 1.15. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.12 and a current ratio of 1.26. The firm has a fifty day moving average of $10.78 and a two-hundred day moving average of $13.97.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.17 billion.

Paramount Skydance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Paramount Skydance’s dividend payout ratio is 31.75%.

Institutional Trading of Paramount Skydance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in Paramount Skydance during the third quarter worth about $678,726,000. State Street Corp purchased a new position in Paramount Skydance in the third quarter valued at about $524,371,000. Invesco Ltd. purchased a new position in Paramount Skydance in the third quarter valued at about $288,551,000. Barclays PLC acquired a new stake in shares of Paramount Skydance during the 3rd quarter valued at approximately $258,196,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth approximately $186,674,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

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.