Paramount Skydance Corporation (NASDAQ:PSKY) Given Average Recommendation of “Strong Sell” by Analysts

Paramount Skydance Corporation (NASDAQ:PSKY) has earned an average recommendation of “Strong Sell” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.8462.

A number of brokerages recently issued reports on PSKY. Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th. Wells Fargo & Company reduced their target price on Paramount Skydance from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, April 2nd. TD Cowen reduced 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. Finally, Bank of America reduced their target price on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, March 10th.

Paramount Skydance Stock Up 0.7%

Paramount Skydance stock opened at $11.82 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.26 and a quick ratio of 1.12. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.59 and a beta of 1.37. Paramount Skydance has a 1-year low of $8.61 and a 1-year high of $20.86. The business has a fifty day moving average price of $10.48 and a 200-day moving average price of $12.99.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $999.02. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%. Equities research analysts forecast that Paramount Skydance will post 0.79 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Paramount Skydance’s dividend payout ratio (DPR) is 31.75%.

Hedge Funds Weigh In On Paramount Skydance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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. State Street Corp purchased a new position in Paramount Skydance in the 3rd quarter worth $524,371,000. Invesco Ltd. raised its stake in Paramount Skydance by 1.0% in the 4th quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock worth $206,451,000 after acquiring an additional 155,679 shares during the last quarter. Contrarius Group Holdings Ltd raised its stake in shares of Paramount Skydance by 52.9% during the 4th quarter. Contrarius Group Holdings Ltd now owns 15,088,097 shares of the company’s stock valued at $202,180,000 after buying an additional 5,221,622 shares during the last quarter. Finally, Barclays PLC purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at about $258,196,000. Hedge funds and other institutional investors 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.