Analysts Set Paramount Skydance Corporation (NASDAQ:PSKY) PT at $14.00

Paramount Skydance Corporation (NASDAQ:PSKY) has received a consensus rating of “Strong Sell” from the fifteen research firms that are covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.00.

Several brokerages have issued reports on PSKY. Bank of America increased their target price on Paramount Skydance from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Tuesday, November 11th. Sanford C. Bernstein lifted their price target on shares of Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Wednesday, November 12th. Wells Fargo & Company upped their price target on Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. UBS Group raised their price objective on Paramount Skydance from $10.00 to $12.00 and gave the stock a “sell” rating in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their target price on Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 11th.

Institutional Investors Weigh In On Paramount Skydance

Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new position in shares of Paramount Skydance during the 3rd quarter valued at about $6,980,000. Alpha Omega Wealth Management LLC acquired a new position in shares of Paramount Skydance in the 3rd quarter valued at $3,346,000. SOL Capital Management CO purchased a new stake in Paramount Skydance during the third quarter worth $3,309,000. TB Alternative Assets Ltd. acquired a new stake in Paramount Skydance during the third quarter valued at $7,363,000. Finally, SG Americas Securities LLC purchased a new position in Paramount Skydance in the third quarter valued at $9,370,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance Stock Performance

NASDAQ PSKY opened at $11.80 on Friday. Paramount Skydance has a one year low of $9.95 and a one year high of $20.86. 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 stock has a market cap of $12.65 billion, a P/E ratio of -393.20 and a beta of 1.17. The firm’s 50-day simple moving average is $14.13.

Paramount Skydance (NASDAQ:PSKY) last released 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 business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.79 billion. Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. Paramount Skydance’s revenue for the quarter was up 0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share.

Paramount Skydance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Paramount Skydance’s dividend payout ratio is presently -666.67%.

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.