Paramount Skydance Corporation (PSKY) to Issue Quarterly Dividend of $0.05 on January 2nd

Paramount Skydance Corporation (NASDAQ:PSKY) declared a quarterly dividend on Monday, December 8th, NASDAQ Dividends reports. Investors of record on Thursday, December 18th will be paid a dividend of 0.05 per share on Friday, January 2nd. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 18th.

Paramount Skydance has decreased its dividend payment by an average of 0.2%per year over the last three years.

Paramount Skydance Stock Up 0.5%

NASDAQ:PSKY traded up $0.08 during midday trading on Wednesday, hitting $14.72. The stock had a trading volume of 14,619,960 shares, compared to its average volume of 10,744,421. 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’s 50-day simple moving average is $16.13. Paramount Skydance has a one year low of $9.95 and a one year high of $20.86. The stock has a market capitalization of $15.77 billion, a P/E ratio of -490.50 and a beta of 1.16.

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

Analysts Set New Price Targets

Several research firms recently issued reports on PSKY. Wells Fargo & Company raised their price objective on shares of Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. UBS Group boosted their price target on shares of Paramount Skydance from $10.00 to $12.00 and gave the company a “sell” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their target price on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Wednesday, November 12th. Benchmark lifted their target price on Paramount Skydance from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Bank of America boosted their target price on Paramount Skydance from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $14.09.

Paramount Skydance Company Profile

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.