Paramount Skydance (NASDAQ:PSKY) Releases Quarterly Earnings Results

Key Points

• Paramount Skydance reported quarterly EPS of $999.00, with a positive return on equity of 3.82% but a negative net margin of -2.15%, signalling profitability pressure despite the headline EPS figure.
• PSKY traded up about 0.2% to $11.12 (market cap ~$12.36B) with a P/E of 17.64, and roughly 73% of the shares are owned by hedge funds and other institutional investors.
• The company declared a quarterly dividend of $0.05 per share (annualized $0.20, 1.8% yield; ex-dividend and record date June 15, pay date July 1), while analyst sentiment is mixed with a consensus rating of "Reduce" and an average target price of $13.00 (2 Buys, 5 Holds, 8 Sells).

Paramount Skydance (NASDAQ:PSKY - Get Free Report) announced its earnings results on Monday. The company reported $999.00 EPS for the quarter, Zacks reports. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Paramount Skydance Stock Up 0.2%

PSKY stock traded up $0.03 during midday trading on Monday, hitting $11.12. 8,912,722 shares of the company's stock were exchanged, compared to its average volume of 11,542,097. 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 has a 12-month low of $8.61 and a 12-month high of $20.86. The firm has a 50 day moving average price of $10.51 and a 200-day moving average price of $12.58. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43.

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 15th. This represents a $0.20 annualized dividend and a yield of 1.8%. Paramount Skydance's payout ratio is currently 31.75%.

Institutional Investors Weigh In On Paramount Skydance

Several hedge funds and other institutional investors have recently bought and sold shares of PSKY. Victory Capital Management Inc. purchased a new stake in Paramount Skydance during the 3rd quarter worth approximately $1,914,000. Dimensional Fund Advisors LP purchased a new stake in Paramount Skydance during the 3rd quarter worth approximately $33,860,000. Orion Porfolio Solutions LLC purchased a new stake in Paramount Skydance during the 3rd quarter worth approximately $735,000. First Trust Advisors LP purchased a new stake in Paramount Skydance during the 3rd quarter worth approximately $15,877,000. Finally, Natixis Advisors LLC purchased a new stake in Paramount Skydance during the 3rd quarter worth approximately $416,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Cowen dropped their target price on Paramount Skydance from $15.00 to $13.00 and set a "hold" rating on the stock in a report on Thursday, February 26th. Guggenheim raised their target price on Paramount Skydance from $11.00 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Paramount Skydance in a report on Friday, March 27th. Morgan Stanley upgraded Paramount Skydance from an "underweight" rating to an "overweight" rating and raised their target price for the company from $11.00 to $14.00 in a report on Thursday. Finally, Bank of America dropped their target price on Paramount Skydance from $13.00 to $11.00 and set an "underperform" rating on the stock in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $13.00.

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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