Paramount Skydance (NASDAQ:PSKY) Hits New 1-Year Low - What's Next?

Key Points

• Paramount Skydance hit a new 52-week low, trading as low as $9.48 and last at $9.50 on heavy volume of 12,728,799 shares.
• Analysts have a Strong Sell consensus (1 Buy, 5 Hold, 9 Sell) with an average price target of $13, and recent notes range from Morgan Stanley's underweight/$12 to Wells Fargo's strong sell/$10.
• Key fundamentals: market cap $10.18B and PE 15.08, a negative net margin of -2.15%, a quirky $999.00 EPS print that beat estimates while revenue of $8.15B slightly missed, and a newly declared $0.05 quarterly dividend (≈2.1% yield).

Paramount Skydance Corporation (NASDAQ:PSKY - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.48 and last traded at $9.50, with a volume of 12728799 shares changing hands. The stock had previously closed at $9.72.

Analyst Ratings Changes

Several research analysts recently commented on PSKY shares. Morgan Stanley lifted their price target on Paramount Skydance from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 9th. Guggenheim upped their price objective on Paramount Skydance from $11.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, March 3rd. Wells Fargo & Company started coverage on Paramount Skydance in a research note on Monday, March 9th. They issued a "strong sell" rating and a $10.00 price objective for the company. Zacks Research raised Paramount Skydance from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. Finally, Wolfe Research restated an "underperform" rating and set a $13.00 price target on shares of Paramount Skydance in a report on Monday, December 15th. One equities 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 stock. According to MarketBeat.com, the company has a consensus rating of "Strong Sell" and an average price target of $13.00.

Paramount Skydance Stock Performance

The stock has a market capitalization of $10.18 billion, a PE ratio of 15.08, a PEG ratio of 0.41 and a beta of 1.15. The business's 50 day moving average is $11.27 and its 200 day moving average is $14.27. 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 posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.17 billion.

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance's dividend payout ratio (DPR) is currently 31.75%.

Hedge Funds Weigh In On Paramount Skydance

Several hedge funds have recently bought and sold shares of PSKY. CYBER HORNET ETFs LLC bought a new stake in shares of Paramount Skydance during the third quarter worth $25,000. Kelleher Financial Advisors bought a new position in shares of Paramount Skydance in the third quarter worth about $32,000. Center for Financial Planning Inc. bought a new position in shares of Paramount Skydance in the third quarter worth about $35,000. Versant Capital Management Inc purchased a new position in Paramount Skydance in the 3rd quarter worth about $39,000. Finally, Addison Advisors LLC purchased a new position in Paramount Skydance in the 3rd quarter worth about $42,000. Institutional investors own 73.00% of the company's stock.

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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