Shares of Paramount Skydance Corporation (NASDAQ:PSKY – Get Free Report) have received a consensus rating of “Reduce” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.7692.
Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Friday, March 27th. Bank of America dropped their price target on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 10th. TD Cowen dropped their price target on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th. Finally, Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $14.00 in a research note on Thursday, April 30th.
Get Our Latest Stock Analysis on PSKY
Paramount Skydance News Roundup
- Positive Sentiment: The U.S. Department of Justice reportedly approved Paramount Skydance’s planned acquisition of Warner Bros. Discovery, saying the deal is not likely to harm competition or consumers. This reduces a key antitrust risk and improves the odds the transaction can move forward. US Justice Department approves Paramount’s acquisition of Warner Bros, Politico reports
- Positive Sentiment: Australian regulators also granted approval, adding to the momentum behind the deal and signaling that additional international review may be progressing in Paramount Skydance’s favor. Paramount Skydance Gains ACCC Approval for Warner Merger
- Neutral Sentiment: Paramount also extended the expiration dates on its related debt tender and exchange offers tied to the Warner transaction, indicating the company is still working through financing and closing steps while the deal process continues. Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers
- Neutral Sentiment: Despite the DOJ clearance, the deal still needs approval from European regulators, so the stock may continue to trade on headlines about remaining regulatory milestones. Justice Department Clears Paramount-Warner Bros. Discovery Deal
Institutional Trading of Paramount Skydance
Large investors have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in Paramount Skydance during the third quarter worth approximately $25,000. Kelleher Financial Advisors bought a new stake in Paramount Skydance during the third quarter worth approximately $32,000. Center for Financial Planning Inc. acquired a new stake in Paramount Skydance during the 3rd quarter valued at $35,000. Addison Advisors LLC acquired a new stake in Paramount Skydance during the 3rd quarter valued at $42,000. Finally, Huntington National Bank raised its stake in Paramount Skydance by 108.2% during the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after purchasing an additional 1,174 shares during the period. 73.00% of the stock is currently owned by institutional investors.
Paramount Skydance Stock Performance
Shares of NASDAQ PSKY opened at $10.47 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $11.47. Paramount Skydance has a 52-week low of $8.61 and a 52-week high of $20.86. The stock has a market capitalization of $11.72 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.78 and a beta of 1.43.
Paramount Skydance (NASDAQ:PSKY – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The firm had revenue of $7.35 billion for the quarter. During the same period in the prior year, the business earned $0.22 EPS. As a group, sell-side analysts forecast that Paramount Skydance will post 0.55 earnings per share for the current year.
Paramount Skydance Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is presently 35.09%.
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.
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