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

Paramount Skydance Corporation (NASDAQ:PSKY) has earned an average recommendation of “Reduce” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.7692.

A number of research firms have weighed in on PSKY. Wells Fargo & Company lowered their price target 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. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $11.00 to $14.00 in a report on Thursday, April 30th. Guggenheim decreased their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MTCO Ltd. purchased a new position in shares of Paramount Skydance in the third quarter worth about $26,488,000. New York State Teachers Retirement System purchased a new position in Paramount Skydance during the 3rd quarter valued at about $6,980,000. Evergreen Capital Management LLC purchased a new position in Paramount Skydance during the 3rd quarter valued at about $3,696,000. Chilton Investment Co. Inc. purchased a new position in Paramount Skydance during the 3rd quarter valued at about $2,994,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Paramount Skydance during the 3rd quarter valued at about $6,093,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Down 2.2%

NASDAQ PSKY opened at $9.89 on Friday. The stock’s 50-day simple moving average is $10.33 and its two-hundred day simple moving average is $12.22. Paramount Skydance has a twelve month low of $8.61 and a twelve month high of $20.86. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.76 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last released 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 in the previous year, the business earned $0.22 EPS. Research analysts forecast that Paramount Skydance will post 0.55 EPS for the current fiscal year.

Paramount Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. Paramount Skydance’s payout ratio is currently 35.09%.

About Paramount Skydance

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.