Paramount Skydance Corporation (NASDAQ:PSKY) Plans $0.05 Quarterly Dividend

Paramount Skydance Corporation (NASDAQ:PSKY) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, September 15th will be given a dividend of 0.05 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Paramount Skydance has decreased its dividend payment by an average of 0.3%annually over the last three years.

Paramount Skydance Trading Down 0.5%

NASDAQ:PSKY opened at $8.53 on Wednesday. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 0.56 and a beta of 1.43. Paramount Skydance has a 52 week low of $8.41 and a 52 week 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 firm has a 50 day moving average of $10.00 and a 200 day moving average of $10.60.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $7.35 billion for 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 company posted $0.22 earnings per share. As a group, sell-side analysts anticipate that Paramount Skydance will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on PSKY. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Wednesday, June 24th. Wells Fargo & Company cut their target price 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. Arete Research reiterated a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a research note on Thursday, July 9th. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their target price for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Finally, 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. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Paramount Skydance has a consensus rating of “Reduce” and an average price target of $12.00.

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.