Paramount Skydance (NASDAQ:PSKY) Earns Market Outperform Rating from Analysts at Citizens Jmp

Citizens Jmp started coverage on shares of Paramount Skydance (NASDAQ:PSKY) in a report issued on Monday, Marketbeat.com reports. The firm issued a market outperform rating and a $14.00 price objective on the stock.

Several other brokerages have also issued reports on PSKY. UBS Group reduced their price target on Paramount Skydance from $10.00 to $8.00 and set a “sell” rating for the company in a report on Wednesday, August 5th. TD Cowen dropped their price objective on Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 5th. Benchmark cut their price objective on shares of Paramount Skydance from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, Arete Research reiterated a “sell” rating and issued a $2.00 target price on shares of Paramount Skydance in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $11.57.

Paramount Skydance Trading Up 1.2%

NASDAQ PSKY opened at $11.14 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.13. Paramount Skydance has a 1-year low of $7.62 and a 1-year high of $20.86. The firm’s fifty day simple moving average is $9.69 and its 200-day simple moving average is $10.14. The company has a market capitalization of $12.50 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.50.

Paramount Skydance (NASDAQ:PSKY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%.The firm had revenue of $6.91 billion during the quarter. As a group, sell-side analysts anticipate that Paramount Skydance will post 0.56 earnings per share for the current fiscal year.

Paramount Skydance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 15th. Paramount Skydance’s payout ratio is 68.97%.

Institutional Investors Weigh In On Paramount Skydance

A number of large investors have recently added to or reduced their stakes in PSKY. Pittenger & Anderson Inc. grew its holdings in shares of Paramount Skydance by 18.0% during the first quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the company’s stock worth $59,000 after purchasing an additional 1,000 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Paramount Skydance by 6.9% in the second quarter. New Mexico Educational Retirement Board now owns 15,499 shares of the company’s stock valued at $153,000 after buying an additional 1,000 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Paramount Skydance by 1.2% in the second quarter. Arizona State Retirement System now owns 89,455 shares of the company’s stock valued at $882,000 after buying an additional 1,077 shares during the last quarter. LSV Asset Management raised its holdings in shares of Paramount Skydance by 0.6% in the fourth quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after buying an additional 1,116 shares during the last quarter. Finally, Huntington National Bank lifted its position in Paramount Skydance by 108.2% during the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after buying an additional 1,174 shares in the last quarter. Institutional investors own 73.00% of the company’s stock.

Trending Headlines about Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Analyst coverage begins with a Buy rating: Citizens JMP initiated coverage of Paramount Skydance with a Buy recommendation, providing a new bullish view on the company’s prospects and deal strategy. Paramount Skydance initiated with a Buy at Citizens JMP
• Positive Sentiment: Warner Bros. Discovery transaction appears to be advancing: Reports that the Netflix arrangement has ended and the WBD merger is moving forward may improve Paramount’s strategic flexibility and keep investor attention focused on potential scale and synergies. Paramount Skydance stock rises as Netflix deal ends and WBD merger moves forward
• Positive Sentiment: Potential California exit could lower operating costs: Paramount Skydance reportedly plans to leave California, which could reduce taxes and expenses over time, although any relocation would also involve near-term costs and execution risk. Paramount Skydance plans to leave California
• Neutral Sentiment: Settlement talks with California are scheduled: Paramount and the California attorney general have set October 14–15 for settlement discussions. A resolution could reduce legal uncertainty, but no agreement has been announced. Paramount and California AG set settlement talks
• Neutral Sentiment: DOJ supports a $1.9 billion bond requirement: The Justice Department wants states attempting to block the Paramount-WBD transaction to post a bond covering potential delay costs. The requirement could discourage litigation, but it also highlights continuing antitrust risk. DOJ backs bond demand in Paramount-Warner Bros antitrust fight
• Negative Sentiment: SkyShowtime faces strategic uncertainty: Reports that the streaming service could be sold or shut down raise concerns about Paramount’s international streaming growth and the potential for restructuring charges. SkyShowtime may be sold or shut down

Paramount Skydance Company Profile

Paramount Skydance Corporation (NASDAQ: PSKY) is a global media and entertainment company formed through the combination of Paramount Global and Skydance Media. The company develops, produces and distributes feature films, television programming and other video content for audiences in the United States and international markets.

Its portfolio includes Paramount Pictures, CBS, Nickelodeon, MTV, Comedy Central, BET, Showtime and other well-known entertainment brands. Paramount Skydance also operates streaming services including Paramount+ and Pluto TV, as well as businesses involved in television broadcasting, news, sports and content licensing.

The company’s history includes Paramount Pictures, one of Hollywood’s longstanding film studios, and Skydance Media, a production company founded in 2010 by David Ellison.