Paramount Skydance Corporation (PSKY) to Distribute Quarterly Dividend of $0.05 on October 1st

Paramount Skydance Corporation (NASDAQ:PSKY) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.05 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Paramount Skydance has decreased its dividend payment by an average of 0.3%per year over the last three years.

Paramount Skydance Stock Performance

PSKY opened at $8.78 on Thursday. The firm’s fifty day simple moving average is $9.97 and its two-hundred day simple moving average is $10.57. Paramount Skydance has a 52-week low of $8.41 and a 52-week high of $20.86. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.56 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16.

Paramount Skydance (NASDAQ:PSKY) last released its earnings results on Monday, May 4th. The company reported $0.23 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 business had revenue of $7.35 billion during the quarter. During the same period in the prior year, the firm earned $0.22 EPS. Equities analysts anticipate that Paramount Skydance will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PSKY has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Arete Research reiterated a “sell” rating and set a $2.00 price target on shares of Paramount Skydance in a research report on Thursday, July 9th. Guggenheim reduced their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley upgraded 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 report on Thursday, April 30th. Finally, Wells Fargo & Company lowered their target price 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. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, Paramount Skydance presently has an average rating of “Reduce” and an average price target of $12.00.

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.