Paramount Skydance Corporation (NASDAQ:PSKY) to Issue $0.05 Quarterly Dividend

Key Points

• $0.05 quarterly dividend announced — shareholders of record on March 16 will be paid on April 1, implying an annualized yield of about 2.1% and a modest average dividend decline of 0.3% per year over the past three years.
• Analyst sentiment is weak, with a consensus rating of "Strong Sell" and a consensus price target of $13, after several firms cut targets or kept underweight/underperform ratings.
• Recent quarter showed revenue of $8.15 billion (slightly below estimates), a negative net margin of 2.15% and ROE of 3.82%; the stock trades near $9.72 with a market cap of $10.42 billion and a PE of 15.43.

Paramount Skydance Corporation (NASDAQ:PSKY - Get Free Report) announced a quarterly dividend on Wednesday, January 28th, NASDAQ Dividends reports. Shareholders of record on Monday, March 16th will be paid a dividend of 0.05 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, March 16th.

Paramount Skydance has decreased its dividend payment by an average of 0.3%per year over the last three years.

Paramount Skydance Trading Down 0.8%

Shares of NASDAQ PSKY opened at $9.72 on Friday. Paramount Skydance has a 1-year low of $9.54 and a 1-year high of $20.86. The company has a 50-day moving average of $11.34 and a two-hundred day moving average of $14.32. The company has a market cap of $10.42 billion, a PE ratio of 15.43, a P/E/G ratio of 0.41 and a beta of 1.15. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03.

Paramount Skydance (NASDAQ:PSKY - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The business had revenue of $8.15 billion for the quarter, compared to analysts' expectations of $8.17 billion.

Analysts Set New Price Targets

PSKY has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Paramount Skydance from $10.00 to $12.00 and gave the company an "underweight" rating in a research report on Tuesday, December 9th. Zacks Research upgraded Paramount Skydance from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. TD Cowen cut their price target on Paramount Skydance from $15.00 to $13.00 and set a "hold" rating on the stock in a research note on Thursday, February 26th. Bank of America decreased their price target on Paramount Skydance from $13.00 to $11.00 and set an "underperform" rating on the stock in a report on Tuesday. Finally, Wolfe Research reissued an "underperform" rating and set a $13.00 price objective on shares of Paramount Skydance in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus price target of $13.00.

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.

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.