Paramount Skydance Corporation (NASDAQ:PSKY) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have received an average recommendation of “Strong Sell” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.00.

A number of research analysts have issued reports on the company. Argus assumed coverage on Paramount Skydance in a research note on Monday, October 13th. They set a “hold” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Morgan Stanley boosted their price target on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 9th. Benchmark upped their price target on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Evercore ISI lifted their price objective on Paramount Skydance from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Tuesday, November 11th.

Paramount Skydance Price Performance

Shares of NASDAQ PSKY opened at $13.85 on Wednesday. Paramount Skydance has a 1 year low of $9.95 and a 1 year high of $20.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.34. The company’s 50-day simple moving average is $15.74. The stock has a market cap of $14.84 billion, a PE ratio of -461.51 and a beta of 1.16.

Paramount Skydance (NASDAQ:PSKY) last announced its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.37). Paramount Skydance had a negative net margin of 0.95% and a positive return on equity of 3.95%. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same period in the prior year, the business posted $0.49 EPS. Paramount Skydance’s revenue for the quarter was up 0% on a year-over-year basis.

Paramount Skydance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 18th. Paramount Skydance’s dividend payout ratio (DPR) is presently -666.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new stake in Paramount Skydance in the 3rd quarter worth approximately $25,000. Kelleher Financial Advisors bought a new position in shares of Paramount Skydance during the 3rd quarter valued at $32,000. Center for Financial Planning Inc. purchased a new position in shares of Paramount Skydance in the 3rd quarter worth $35,000. Versant Capital Management Inc purchased a new position in shares of Paramount Skydance in the 3rd quarter worth $39,000. Finally, Addison Advisors LLC bought a new stake in shares of Paramount Skydance in the third quarter worth $42,000. Institutional investors own 73.00% of the company’s stock.

About Paramount Skydance

Paramount Global is a media and entertainment company which creates premium content and experiences for audiences. The company’s portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount , Pluto TV and Simon & Schuster, among others.