Paramount Skydance Corporation (NASDAQ:PSKY) Given Consensus Recommendation of “Reduce” by Brokerages

Paramount Skydance Corporation (NASDAQ:PSKY) has been given an average rating of “Reduce” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.3846.

Several equities analysts have commented on the stock. Guggenheim lowered their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Arete Research reaffirmed a “sell” rating and issued a $2.00 price target on shares of Paramount Skydance in a research note on Thursday, July 9th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $11.00 to $14.00 in a report on Thursday, April 30th. UBS Group lowered their price objective on shares of Paramount Skydance from $10.00 to $8.00 and set a “sell” rating on the stock in a research note on Wednesday, August 5th. Finally, TD Cowen dropped their target price on Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th.

Institutional Trading of Paramount Skydance

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gradient Investments LLC bought a new stake in shares of Paramount Skydance during the 2nd quarter worth $2,062,000. Vanguard Group Inc. grew its holdings in shares of Paramount Skydance by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock worth $482,481,000 after acquiring an additional 132,613 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Paramount Skydance during the first quarter worth $1,623,000. Corrado Advisors LLC acquired a new stake in shares of Paramount Skydance during the first quarter worth $1,254,000. Finally, LTS Liquid Investments LLC raised its position in shares of Paramount Skydance by 68.7% during the first quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company’s stock worth $18,316,000 after purchasing an additional 827,248 shares during the period. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Price Performance

Shares of PSKY opened at $10.35 on Monday. Paramount Skydance has a one year low of $7.62 and a one year high of $20.86. The stock’s fifty day moving average is $9.41 and its 200-day moving average is $10.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.88 and a current ratio of 1.04. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $6.91 billion during the quarter. Paramount Skydance had a negative net margin of 2.13% and a positive return on equity of 4.11%. Equities analysts anticipate that Paramount Skydance will post 0.56 EPS for the current year.

Paramount Skydance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Paramount Skydance’s dividend payout ratio (DPR) is presently 68.97%.

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.