Paramount Skydance Corporation (NASDAQ:PSKY) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Analysts remain cautious on Paramount Skydance: Fifteen analysts give the stock an average “Reduce” rating, including eight sells, five holds, and two buys. The average 12-month price target is $11.38.
• Recent financial results exceeded expectations: The company reported quarterly EPS of $0.18 versus the $0.15 consensus estimate, on revenue of $6.91 billion. Analysts expect full-year EPS of $0.56.
• Shares trade near $10.35 and pay a modest dividend: PSKY has a 52-week range of $7.62 to $20.86, while its quarterly dividend of $0.05 implies a 1.9% annualized yield. Institutional investors own approximately 73% of the stock.

Shares of Paramount Skydance Corporation (NASDAQ:PSKY - Get Free Report) have earned an average recommendation of "Reduce" from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.3846.

A number of equities analysts have issued reports on PSKY shares. Weiss Ratings raised shares of Paramount Skydance from a "sell (d-)" rating to a "sell (d)" rating in a report on Thursday, August 6th. Morgan Stanley raised Paramount Skydance from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $11.00 to $14.00 in a report on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Paramount Skydance from $8.00 to $7.00 and set an "underweight" rating for the company in a research report on Tuesday, May 5th. Guggenheim dropped their target price on Paramount Skydance from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Finally, UBS Group reduced their price target on shares of Paramount Skydance from $10.00 to $8.00 and set a "sell" rating for the company in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in Paramount Skydance in the 2nd quarter worth about $42,000. Syon Capital LLC bought a new stake in shares of Paramount Skydance during the second quarter valued at approximately $103,000. Nykredit A S acquired a new position in shares of Paramount Skydance during the second quarter worth approximately $150,000. Wedbush Securities Inc. acquired a new position in shares of Paramount Skydance during the second quarter worth approximately $125,000. Finally, New Mexico Educational Retirement Board grew its holdings in Paramount Skydance by 6.9% in the 2nd quarter. New Mexico Educational Retirement Board now owns 15,499 shares of the company's stock worth $153,000 after buying an additional 1,000 shares in the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Skydance Price Performance

Shares of PSKY opened at $10.35 on Monday. Paramount Skydance has a 52 week low of $7.62 and a 52 week high of $20.86. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 0.69 and a beta of 1.45. The stock has a 50 day moving average of $9.41 and a 200-day moving average of $10.13.

Paramount Skydance (NASDAQ:PSKY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $6.91 billion for the quarter. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. As a group, analysts forecast that Paramount Skydance will post 0.56 EPS for the current year.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.20 annualized dividend and a yield of 1.9%. Paramount Skydance's dividend payout ratio (DPR) is currently 68.97%.

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.

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