Paramount Skydance Corporation (NASDAQ:PSKY) Receives Average Rating of “Reduce” from Analysts

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have been given an average rating of “Reduce” by the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.00.

Several equities research analysts have commented on the company. Arete Research restated a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a research note on Thursday. Wells Fargo & Company decreased their target price on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Guggenheim dropped their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price target for the company from $11.00 to $14.00 in a report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th.

Paramount Skydance News Roundup

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

• Negative Sentiment: Oregon’s attorney general is pushing for more documents and seeking a 60-day pause in the antitrust review, raising the risk that the Warner deal takes longer to close or faces added conditions. Paramount delays Warner Bros deal closure amid Oregon probe
• Negative Sentiment: Reuters reported that U.S. states could sue as soon as next week to try to block the deal, adding another potential obstacle to closing. US states could sue next week to block Paramount-Warner Bros deal
• Negative Sentiment: Arete Research reaffirmed a sell rating and set a $2.00 price target, signaling deep skepticism about the stock’s valuation and deal outlook. This analyst just downgraded Paramount stock. Here’s why.
• Neutral Sentiment: Some analysts still see upside, with recent price targets clustering around the low-teens, but that support is being outweighed today by merger uncertainty.

Institutional Trading of Paramount Skydance

A number of institutional investors have recently added to or reduced their stakes in the business. MTCO Ltd. purchased a new stake in shares of Paramount Skydance in the third quarter worth about $26,488,000. Chilton Investment Co. Inc. purchased a new stake in shares of Paramount Skydance during the 3rd quarter valued at about $2,994,000. Gamco Investors INC. ET AL purchased a new stake in shares of Paramount Skydance during the 3rd quarter valued at about $1,993,000. SG Americas Securities LLC lifted its position in Paramount Skydance by 56.3% during 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 in the last quarter. Finally, Claret Asset Management Corp acquired a new position in Paramount Skydance during the 3rd quarter worth approximately $2,573,000. 73.00% of the stock is owned by hedge funds and other institutional investors.

Paramount Skydance Stock Down 4.3%

Shares of NASDAQ PSKY opened at $9.33 on Friday. The stock has a market capitalization of $10.44 billion, a PE ratio of 16.37, a P/E/G ratio of 0.73 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average of $10.27 and a 200-day moving average of $10.86. Paramount Skydance has a 52-week low of $8.61 and a 52-week high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $7.35 billion for the quarter. During the same period last year, the business posted $0.22 earnings per share. On average, analysts anticipate that Paramount Skydance will post 0.55 EPS for the current year.

Paramount Skydance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is currently 35.09%.

Paramount Skydance Company Profile

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.