Paramount Skydance’s (PSKY) “Sell” Rating Reaffirmed at Arete Research

Arete Research restated their sell rating on shares of Paramount Skydance (NASDAQ:PSKY) in a report released on Thursday morning, Marketbeat Ratings reports. Arete Research currently has a $2.00 price objective on the stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company decreased their price target on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Guggenheim cut their price objective on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $12.00.

Paramount Skydance Stock Down 4.3%

Shares of NASDAQ PSKY opened at $9.33 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Paramount Skydance has a 12-month low of $8.61 and a 12-month high of $20.86. The firm’s 50-day moving average price is $10.27 and its 200-day moving average price is $10.86. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 0.73 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $7.35 billion for the quarter. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.During the same period in the previous year, the firm earned $0.22 earnings per share. On average, equities research analysts anticipate that Paramount Skydance will post 0.55 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 15th. Paramount Skydance’s dividend payout ratio (DPR) is currently 35.09%.

Hedge Funds Weigh In On Paramount Skydance

Several hedge funds have recently bought and sold shares of PSKY. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Paramount Skydance by 0.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock valued at $1,886,000 after buying an additional 900 shares in the last quarter. CWM LLC increased its position in shares of Paramount Skydance by 20.3% during the fourth quarter. CWM LLC now owns 5,759 shares of the company’s stock worth $77,000 after acquiring an additional 970 shares during the period. Pittenger & Anderson Inc. increased its position 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 acquiring an additional 1,000 shares during the period. Mather Group LLC. raised its stake in shares of Paramount Skydance by 6.3% during the fourth quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock valued at $230,000 after acquiring an additional 1,009 shares in the last quarter. Finally, LSV Asset Management boosted 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 purchasing an additional 1,116 shares during the period. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance News Summary

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

• Negative Sentiment: Oregon’s attorney general is pushing for more documents and seeking a 60-day pause in the antitrust review, raising the risk that the Warner deal takes longer to close or faces added conditions. Paramount delays Warner Bros deal closure amid Oregon probe
• Negative Sentiment: Reuters reported that U.S. states could sue as soon as next week to try to block the deal, adding another potential obstacle to closing. US states could sue next week to block Paramount-Warner Bros deal
• Negative Sentiment: Arete Research reaffirmed a sell rating and set a $2.00 price target, signaling deep skepticism about the stock’s valuation and deal outlook. This analyst just downgraded Paramount stock. Here’s why.
• Neutral Sentiment: Some analysts still see upside, with recent price targets clustering around the low-teens, but that support is being outweighed today by merger uncertainty.

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.