Paramount Skydance Corporation (NASDAQ:PSKY) Receives Average Recommendation of “Strong Sell” from Brokerages

Paramount Skydance Corporation (NASDAQ:PSKYGet Free Report) has been given an average recommendation of “Strong Sell” by the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.00.

Several analysts have recently weighed in on PSKY shares. Sanford C. Bernstein lifted their target price on shares of Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Wednesday, November 12th. Argus began coverage on Paramount Skydance in a report on Monday, October 13th. They issued a “hold” rating and a $17.00 price objective on the stock. Wall Street Zen raised Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. Morgan Stanley raised their price target on Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th.

View Our Latest Research Report on Paramount Skydance

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Paramount Skydance during the 4th quarter valued at approximately $110,000. SG Americas Securities LLC grew its holdings in shares of Paramount Skydance by 56.3% in the 4th quarter. SG Americas Securities LLC now owns 774,273 shares of the company’s stock worth $10,375,000 after acquiring an additional 279,045 shares during the period. JPMorgan Chase & Co. purchased a new position in Paramount Skydance in the 3rd quarter valued at approximately $41,864,000. AIA Group Ltd acquired a new position in Paramount Skydance during the third quarter worth $995,000. Finally, New Mexico Educational Retirement Board acquired a new position in Paramount Skydance during the third quarter worth $526,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Skydance Trading Down 1.7%

Shares of PSKY stock opened at $12.06 on Friday. The stock has a market cap of $12.92 billion, a P/E ratio of -401.87 and a beta of 1.17. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $14.43. Paramount Skydance has a twelve month low of $9.95 and a twelve month high of $20.86.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.37). Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter last year, the company earned $0.49 EPS. Paramount Skydance’s revenue for the quarter was up 0% compared to the same quarter last year.

Paramount Skydance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, December 18th. Paramount Skydance’s dividend payout ratio (DPR) is currently -666.67%.

Key Headlines Impacting Paramount Skydance

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

About Paramount Skydance

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Paramount Skydance (NASDAQ:PSKY)

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