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

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have received an average rating of “Strong Sell” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.00.

A number of equities analysts have issued reports on PSKY shares. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research report on Monday, December 29th. Wolfe Research reaffirmed an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Guggenheim reiterated a “neutral” rating and issued a $16.00 price objective on shares of Paramount Skydance in a report on Wednesday, November 12th. Morgan Stanley boosted their target price on Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Finally, Evercore ISI raised their price target on Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 11th.

Paramount Skydance Stock Performance

NASDAQ:PSKY opened at $10.75 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. Paramount Skydance has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of -358.21 and a beta of 1.23. The company’s 50 day moving average is $13.02.

Paramount Skydance (NASDAQ:PSKY) last issued its 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 firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 0% compared to the same quarter last year.

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, December 18th. Paramount Skydance’s dividend payout ratio (DPR) is currently -666.67%.

Hedge Funds Weigh In On Paramount Skydance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in Paramount Skydance in the third quarter worth about $678,726,000. State Street Corp bought a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $524,371,000. Invesco Ltd. bought a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $288,551,000. Barclays PLC purchased a new position in shares of Paramount Skydance in the 3rd quarter valued at approximately $258,196,000. Finally, Contrarius Group Holdings Ltd bought a new stake in shares of Paramount Skydance during the third quarter valued at 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.