Skydance Corporation (SKYD) - What Are Brokerages Thinking About This Stock?

Key Points

• Broker sentiment is bearish: Seventeen analysts give Skydance an average “Reduce” rating, including nine sells, four holds and four buys. The average 12-month price target is $5.59.
• Skydance’s takeover of Warner Bros. Discovery could expand its reach across film, television, streaming and sports, but the combined company faces significant debt and uncertainty over near-term financial benefits.
• The company reported quarterly revenue of $6.91 billion and EPS of $0.09, slightly exceeding estimates, while its quarterly dividend was cut to $0.025 per share from $0.05.

Skydance Corporation (NYSE:SKYD - Get Free Report) has been assigned an average rating of "Reduce" from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.59.

SKYD has been the subject of a number of research analyst reports. TD Cowen dropped their target price on shares of Skydance from $6.50 to $4.00 and set a "hold" rating for the company in a research note on Wednesday, August 5th. Citigroup began coverage on shares of Skydance in a research note on Monday, September 14th. They set an "outperform" rating on the stock. Citizens Jmp reissued a "market outperform" rating and issued a $7.00 price target on shares of Skydance in a report on Tuesday, September 22nd. Arete Research reissued a "sell" rating and issued a $1.00 price target on shares of Skydance in a report on Thursday, July 9th. Finally, Barclays set a $7.00 price objective on shares of Skydance and gave the stock an "underweight" rating in a research report on Wednesday, October 7th.

Institutional Investors Weigh In On Skydance

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Skydance in the second quarter valued at approximately $75,000. IFP Advisors Inc grew its holdings in Skydance by 11.6% during the 2nd quarter. IFP Advisors Inc now owns 50,934 shares of the media and entertainment company's stock worth $502,000 after acquiring an additional 5,294 shares during the period. Arizona State Retirement System raised its position in shares of Skydance by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company's stock valued at $882,000 after acquiring an additional 1,077 shares during the last quarter. Nykredit A S bought a new stake in shares of Skydance during the 2nd quarter valued at $150,000. Finally, Brown Financial Advisors bought a new stake in shares of Skydance during the 2nd quarter valued at $175,000. 73.00% of the stock is owned by institutional investors and hedge funds.

Key Skydance News

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Skydance’s takeover of Warner Bros. Discovery gives the company greater scale across film, television, streaming and sports assets. Coverage of the transaction suggests the deal could improve Skydance’s competitive position and broaden its ability to distribute and monetize content. Skydance Changes the Rules of Competition
• Positive Sentiment: Support from Leonine’s chief executive reflects industry confidence in Skydance’s strategy and could reinforce the company’s reputation as a credible global media consolidator. Why the boss of top German indie Leonine is backing Skydance
• Positive Sentiment: Reporting on co-CEO Ynon Kreiz provides investors with additional visibility into the leadership overseeing Skydance’s expanded operations and strategic direction. Ynon Kreiz, who is the Skydance co-CEO?
• Neutral Sentiment: John Oliver’s repeated assurances that “Last Week Tonight” will not change indicate that Skydance is seeking continuity for major creative properties. The comments may help limit concerns about talent disruption, but they do not provide direct evidence of financial improvement. John Oliver Declares Himself Happy to Be Part of the Skydance Family
• Neutral Sentiment: The merger’s potential effects on CBS and TNT Sports point to significant operational and strategic changes across the combined media portfolio, although the near-term financial benefits remain uncertain. How Skydance merger will impact CBS and TNT Sports
• Negative Sentiment: An outside estimate valuing Skydance at approximately $29 billion could temper enthusiasm if investors view the company as overvalued relative to its assets, earnings prospects or merger-related obligations. Evan Shapiro Pegs Skydance Value at Only $29B

Skydance Stock Up 0.8%

Skydance stock opened at $9.23 on Tuesday. The stock has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $5.22. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. Skydance has a 12-month low of $7.62 and a 12-month high of $17.68.

Skydance (NYSE:SKYD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The media and entertainment company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $6.91 billion for the quarter. Skydance had a negative net margin of 2.13% and a positive return on equity of 4.11%. On average, equities research analysts predict that Skydance will post -0.20 earnings per share for the current fiscal year.

Skydance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.0250 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 15th. This is a negative change from Skydance's previous quarterly dividend of $0.05.

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.