Paramount Skydance Corporation (NASDAQ:PSKY) Receives Average Rating of “Reduce” from Brokerages

Paramount Skydance Corporation (NASDAQ:PSKY) has been given a consensus recommendation of “Reduce” by the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.7692.

A number of equities analysts recently weighed in on PSKY shares. Morgan Stanley raised Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $14.00 in a report on Thursday, April 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a report on Friday, March 27th. Bank of America decreased their price objective on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a report on Tuesday, March 10th. Wells Fargo & Company decreased their price objective on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Finally, TD Cowen decreased their price target on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th.

Paramount Skydance News Roundup

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount Skydance is reportedly looking for a business-side counterpart to CBS News editor Bari Weiss, which could signal continued restructuring and operational changes at the media unit. Reuters report on CBS News business counterpart search
• Neutral Sentiment: Short interest data showed no meaningful change in reported shares, offering little fresh signal for the stock’s near-term direction.
• Negative Sentiment: Britain’s competition regulator formally opened its review of Paramount Skydance’s proposed Warner Bros. Discovery acquisition, adding another regulatory step that could slow or complicate the deal. Reuters report on UK formal review
• Negative Sentiment: The UK investigation follows broader concerns that have intensified scrutiny of the merger, including possible legal challenges and worries about data and competition issues. Seeking Alpha report on UK investigation
• Negative Sentiment: Paramount Skydance is also said to be offering concessions to California’s attorney general and may consider selling kids’ networks to ease EU antitrust concerns, highlighting growing regulatory risk around the transaction. Bloomberg report on concessions to California AG Yahoo Finance report on selling kids networks

Institutional Trading of Paramount Skydance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new stake in Paramount Skydance in the third quarter valued at approximately $25,000. Kelleher Financial Advisors bought a new stake in Paramount Skydance in the third quarter valued at approximately $32,000. Center for Financial Planning Inc. bought a new stake in Paramount Skydance in the third quarter valued at approximately $35,000. Addison Advisors LLC bought a new stake in Paramount Skydance in the third quarter valued at approximately $42,000. Finally, Huntington National Bank lifted its position in Paramount Skydance by 108.2% in the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after purchasing an additional 1,174 shares during the last quarter. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Stock Performance

Shares of NASDAQ PSKY opened at $10.24 on Wednesday. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.78 and a beta of 1.43. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Paramount Skydance has a 1-year low of $8.61 and a 1-year high of $20.86. The stock’s 50-day moving average is $10.56 and its 200 day moving average is $11.58.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company 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 prior year, the business posted $0.22 earnings per share. On average, sell-side analysts anticipate that Paramount Skydance will post 0.55 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.20 annualized dividend and a yield of 2.0%. Paramount Skydance’s payout ratio is presently 35.09%.

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.