Paramount Skydance Corporation (NASDAQ:PSKY) Receives $13.00 Consensus PT from Analysts

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have been given a consensus rating of “Strong Sell” by the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.8462.

PSKY has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on Paramount Skydance from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday. TD Cowen decreased their price target on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Bank of America lowered their price objective on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 10th. Wolfe Research reiterated an “underperform” rating and issued a $13.00 target price on shares of Paramount Skydance in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th.

Paramount Skydance Stock Performance

Shares of Paramount Skydance stock opened at $9.52 on Friday. Paramount Skydance has a 12 month low of $8.61 and a 12 month high of $20.86. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03. The stock has a market cap of $10.58 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.38 and a beta of 1.37. The business has a fifty day simple moving average of $10.52 and a 200-day simple moving average of $13.71.

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

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, March 16th. Paramount Skydance’s dividend payout ratio (DPR) is currently 31.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of Paramount Skydance during the 3rd quarter worth about $678,726,000. State Street Corp bought a new stake in shares of Paramount Skydance in the 3rd quarter valued at approximately $524,371,000. Invesco Ltd. bought a new stake in shares of Paramount Skydance in the 3rd quarter valued at approximately $288,551,000. Barclays PLC acquired a new position in Paramount Skydance in the third quarter worth approximately $258,196,000. Finally, Contrarius Group Holdings Ltd acquired a new position in Paramount Skydance in the third quarter worth approximately $186,674,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

About Paramount Skydance

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.