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

Paramount Skydance Corporation (NASDAQ:PSKYGet Free Report) has been given an average rating of “Reduce” by the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $12.00.

A number of equities research analysts have issued reports on PSKY shares. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Guggenheim dropped their price objective on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Wednesday, June 24th. Wells Fargo & Company reduced their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Finally, Arete Research reiterated a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a research note on Thursday.

View Our Latest Stock Analysis on PSKY

Paramount Skydance Stock Performance

Shares of NASDAQ PSKY traded up $0.08 during midday trading on Friday, hitting $9.41. 9,348,739 shares of the stock traded hands, compared to its average volume of 8,417,766. The firm has a market capitalization of $10.53 billion, a P/E ratio of 16.51, a PEG ratio of 0.62 and a beta of 1.43. Paramount Skydance has a one year low of $8.61 and a one year high of $20.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.10. The firm has a 50-day moving average of $10.25 and a two-hundred day moving average of $10.85.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $7.35 billion during the quarter. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.During the same period in the previous year, the firm earned $0.22 EPS. On average, equities analysts forecast that Paramount Skydance will post 0.62 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is currently 35.09%.

Institutional Trading of Paramount Skydance

Hedge funds have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new position in shares of Paramount Skydance in the third quarter worth about $25,000. Huntington National Bank increased its holdings in Paramount Skydance by 108.2% in the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after acquiring an additional 1,174 shares in the last quarter. Larson Financial Group LLC raised its stake in Paramount Skydance by 539.3% during the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after acquiring an additional 1,936 shares during the period. Kelleher Financial Advisors purchased a new position in Paramount Skydance during the third quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC boosted 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 worth $38,000 after purchasing an additional 2,177 shares during the period. Institutional investors own 73.00% of the company’s stock.

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Paramount Skydance Company Profile

(Get Free Report)

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.

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