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

Paramount Skydance Corporation (NASDAQ:PSKY) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.05 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Paramount Skydance Stock Performance

Shares of Paramount Skydance stock opened at $8.53 on Wednesday. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.56 and a beta of 1.43. Paramount Skydance has a twelve month low of $8.41 and a twelve month high of $20.86. The company’s fifty day moving average is $10.00 and its 200 day moving average is $10.60. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.The company had revenue of $7.35 billion during the quarter. During the same quarter last year, the business earned $0.22 earnings per share. Sell-side analysts forecast that Paramount Skydance will post 0.62 EPS for the current year.

Analyst Ratings Changes

PSKY has been the subject of several recent analyst reports. Arete Research reiterated a “sell” rating and set a $2.00 price objective on shares of Paramount Skydance in a research report on Thursday, July 9th. Morgan Stanley upgraded Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their target price for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Guggenheim dropped their price target on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company lowered their price objective on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, Paramount Skydance presently has an average rating of “Reduce” and an average price target of $12.00.

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.