Paramount Skydance Corporation (PSKY) to Issue Quarterly Dividend of $0.05 on January 2nd

Paramount Skydance Corporation (NASDAQ:PSKY) declared a quarterly dividend on Monday, December 8th, NASDAQ Dividends reports. Shareholders of record on Thursday, December 18th will be paid a dividend of 0.05 per share on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, December 18th.

Paramount Skydance has decreased its dividend payment by an average of 0.2%per year over the last three years.

Paramount Skydance Price Performance

NASDAQ PSKY opened at $13.99 on Tuesday. The business’s fifty day simple moving average is $15.83. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00. The company has a market cap of $14.99 billion, a PE ratio of -466.18 and a beta of 1.16. Paramount Skydance has a one year low of $9.95 and a one year high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.The business’s quarterly revenue was up 0% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS.

Analyst Ratings Changes

PSKY has been the subject of several research reports. Wolfe Research reissued an “underperform” rating and set a $13.00 price objective on shares of Paramount Skydance in a report on Monday. Wall Street Zen upgraded Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. Bank of America lifted their price objective on Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, November 11th. UBS Group upped their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company a “sell” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on shares of Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, Paramount Skydance presently has an average rating of “Strong Sell” and a consensus target price of $14.00.

About Paramount Skydance

Paramount Global is a media and entertainment company which creates premium content and experiences for audiences. The company’s portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount , Pluto TV and Simon & Schuster, among others.