Paramount Skydance Shares Set to Split on Monday, October 5th (NASDAQ:PSKY)

Paramount Skydance Corporation (NASDAQ:PSKY) shares are scheduled to split before the market opens on Monday, October 5th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Sunday, October 4th.

Paramount Skydance Stock Up 3.4%

PSKY stock opened at $10.33 on Thursday. The stock’s 50 day simple moving average is $9.91 and its 200 day simple moving average is $10.04. The company has a market cap of $11.59 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.88 and a current ratio of 1.04. Paramount Skydance has a fifty-two week low of $7.62 and a fifty-two week high of $19.45.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $6.91 billion during the quarter. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. On average, research analysts expect that Paramount Skydance will post 0.5 earnings per share for the current fiscal year.

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.20 annualized dividend and a yield of 1.9%. Paramount Skydance’s dividend payout ratio (DPR) is presently 68.97%.

Key Paramount Skydance News

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

• Positive Sentiment: A U.S. judge approved a settlement with state attorneys general, removing a major legal obstacle and allowing Paramount to proceed toward closing its approximately $81 billion acquisition of Warner Bros. Discovery. The companies also announced an anticipated closing date, improving deal certainty. U.S. judge allows Paramount to close Warner Bros acquisition
• Positive Sentiment: Paramount Chairman and CEO David Ellison named Ynon Kreiz, the former Mattel chief executive, as co-CEO of the combined company. Kreiz is expected to oversee day-to-day operations and integration, while Ellison will focus on strategy, creative operations and technology. The appointment may reassure investors about the merger’s operating leadership. Paramount announces Ynon Kreiz as co-CEO
• Neutral Sentiment: The merger is expected to create a much larger media company capable of competing with Netflix and YouTube. However, realizing those benefits will depend on successfully integrating the businesses, improving streaming economics and generating cost and revenue synergies.
• Negative Sentiment: Paramount is relying on a very large debt package and bond offering to fund the Warner Bros. Discovery transaction. The financing increases leverage and interest expense, while recent debt-market activity and credit concerns highlight balance-sheet risk. Paramount launches debt sale for Warner Bros. deal
• Negative Sentiment: Paramount’s streaming chief Cindy Holland is leaving ahead of the merger, with HBO executive Casey Bloys expected to lead the combined streaming business. The leadership change could support integration, but it also adds execution uncertainty during a sensitive transition. Paramount streaming chief exits ahead of merger

Analysts Set New Price Targets

Several research firms have weighed in on PSKY. Citizens Jmp restated a “market outperform” rating and set a $14.00 price objective on shares of Paramount Skydance in a report on Tuesday, September 22nd. UBS Group reduced their price objective on shares of Paramount Skydance from $10.00 to $8.00 and set a “sell” rating for the company in a report on Wednesday, August 5th. Benchmark decreased their target price on shares of Paramount Skydance from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Arete Research restated a “sell” rating and issued a $2.00 target price on shares of Paramount Skydance in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.17.

Hedge Funds Weigh In On Paramount Skydance

Large investors have recently bought and sold shares of the stock. Contrarius Group Holdings Ltd grew its stake in shares of Paramount Skydance by 52.9% in the 4th quarter. Contrarius Group Holdings Ltd now owns 15,088,097 shares of the company’s stock worth $202,180,000 after acquiring an additional 5,221,622 shares in the last quarter. MTCO Ltd. increased its stake in Paramount Skydance by 21.4% in the 2nd quarter. MTCO Ltd. now owns 7,650,000 shares of the company’s stock valued at $75,429,000 after buying an additional 1,350,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Paramount Skydance by 126.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,920 shares of the company’s stock worth $35,812,000 after buying an additional 2,216,433 shares in the last quarter. LTS Liquid Investments LLC lifted its position in shares of Paramount Skydance by 68.7% during the 1st quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company’s stock worth $18,316,000 after buying an additional 827,248 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Paramount Skydance by 106.4% in the 1st quarter. SG Americas Securities LLC now owns 1,597,902 shares of the company’s stock worth $14,413,000 after buying an additional 823,629 shares during the last quarter. 73.00% of the stock is currently owned by institutional investors.

About Paramount Skydance

Paramount Skydance Corporation (NASDAQ: PSKY) is a global media and entertainment company formed through the 2025 combination of Paramount Global and Skydance Media. The company develops, produces, and distributes feature films, television programming, live news, sports, and other entertainment content for audiences worldwide.

Its portfolio includes Paramount Pictures, CBS, Paramount+, Pluto TV, and a range of cable and international television networks. The company’s content and brands include film franchises, scripted and unscripted television programs, news and sports broadcasts, streaming video, and ad-supported digital entertainment.

Paramount Skydance serves viewers in the United States and international markets through theatrical releases, broadcast television, pay television, streaming platforms, digital services, and licensing arrangements.