ProSiebenSat1 Stock: Shares Decline Despite Dividend Outlook

ProSiebenSat1's stock has experienced a notable downturn on the Frankfurt stock Exchange, with shares sliding to €5.62, marking a significant decline from its 52-week high of €7.98 reached in April 2024. This represents a substantial 42 percent drop from the year's peak, though the stock has shown some recovery from its December low of €4.50. The current market performance reflects ongoing challenges in the media group's financial trajectory, as evidenced by recent quarterly results showing muted growth patterns.

Financial Outlook and Dividends

Despite the stock's bearish trend, analysts maintain a positive outlook with an average price target of €6.86. The company's third-quarter 2024 results revealed earnings per share of €0.04, down from €0.07 in the previous year, while revenue slightly decreased to €882 million. However, shareholders may find solace in the anticipated dividend increase, with experts projecting a payment of €0.134 per share for the current fiscal year, up from €0.05 in 2023. The company's 2024 earnings are forecast to reach €0.929 per share.

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Source StockWorld