Paramount Skydance (NASDAQ:PSKY) Issues Earnings Results

Paramount Skydance (NASDAQ:PSKYGet Free Report) issued its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Paramount Skydance had a positive return on equity of 3.95% and a negative net margin of 0.95%.

Paramount Skydance Stock Down 1.5%

Shares of PSKY traded down $0.16 during midday trading on Wednesday, reaching $10.23. The stock had a trading volume of 10,031,275 shares, compared to its average volume of 7,685,052. The company has a market cap of $10.96 billion, a price-to-earnings ratio of -340.89 and a beta of 1.23. The company’s fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $14.57. Paramount Skydance has a 1-year low of $9.95 and a 1-year high of $20.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 1.16.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.0%. Paramount Skydance’s dividend payout ratio is currently -666.67%.

Institutional Trading of Paramount Skydance

A number of institutional investors have recently bought and sold shares of PSKY. Virtu Financial LLC purchased a new stake in shares of Paramount Skydance in the fourth quarter valued at about $191,000. Invesco Ltd. lifted its position in Paramount Skydance by 1.0% in the fourth quarter. Invesco Ltd. now owns 15,406,791 shares of the company’s stock valued at $206,451,000 after purchasing an additional 155,679 shares during the period. Corient Private Wealth LLC boosted its holdings in Paramount Skydance by 290.6% in the 4th quarter. Corient Private Wealth LLC now owns 59,588 shares of the company’s stock valued at $798,000 after purchasing an additional 44,333 shares in the last quarter. Mackenzie Financial Corp increased its position in Paramount Skydance by 390.5% during the 4th quarter. Mackenzie Financial Corp now owns 81,142 shares of the company’s stock worth $1,094,000 after purchasing an additional 64,598 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Paramount Skydance by 272.3% during the 4th quarter. Empowered Funds LLC now owns 142,069 shares of the company’s stock worth $1,904,000 after buying an additional 103,906 shares in the last quarter. 73.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PSKY has been the topic of several recent research reports. Wolfe Research reissued an “underperform” rating and set a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. boosted their target price on shares of Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Skydance in a report on Monday, December 29th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $16.00 price target on shares of Paramount Skydance in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, Paramount Skydance currently has a consensus rating of “Reduce” and an average price target of $14.00.

Get Our Latest Research Report on PSKY

Paramount Skydance News Roundup

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

Paramount Skydance Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Paramount Skydance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Skydance and related companies with MarketBeat.com's FREE daily email newsletter.