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

Paramount Skydance Corporation (NASDAQ:PSKY) announced a quarterly dividend on Wednesday, January 28th, NASDAQ Dividends reports. Investors of record on Monday, March 16th will be paid a dividend of 0.05 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 16th.

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

Paramount Skydance Stock Down 0.8%

Paramount Skydance stock opened at $9.72 on Friday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.41 and a beta of 1.15. The company’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $14.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.26 and a quick ratio of 1.12. Paramount Skydance has a fifty-two week low of $9.54 and a fifty-two week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.02) by $999.02. The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.17 billion. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PSKY. Guggenheim boosted their price target on shares of Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research note on Monday, December 29th. Bank of America decreased 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. Wolfe Research restated an “underperform” rating and issued a $13.00 price target on shares of Paramount Skydance in a report on Monday, December 15th. Finally, Zacks Research raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat, Paramount Skydance has an average rating of “Strong Sell” and a consensus target price of $13.00.

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.