Seagate Technology (STX) Projected to Post Quarterly Earnings on Tuesday

Seagate Technology (NASDAQ:STX - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.87 per share and revenue of $2,317,857.34 billion for the quarter. Seagate Technology has set its Q2 guidance at $1.65-2.05 EPS and its Q2 2025 guidance at 1.650-2.050 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.28. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. Seagate Technology's revenue was up 49.1% on a year-over-year basis. During the same period last year, the business posted ($0.34) EPS. On average, analysts expect Seagate Technology to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Seagate Technology Trading Up 2.7 %

NASDAQ:STX traded up $2.60 on Friday, hitting $97.67. The company's stock had a trading volume of 5,656,311 shares, compared to its average volume of 2,326,217. Seagate Technology has a one year low of $82.31 and a one year high of $115.32. The stock has a fifty day moving average of $94.40 and a two-hundred day moving average of $100.31. The firm has a market capitalization of $20.66 billion, a P/E ratio of 25.50 and a beta of 1.06.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Sunday, December 15th were issued a $0.72 dividend. This is an increase from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, December 13th. Seagate Technology's payout ratio is currently 75.20%.

Wall Street Analyst Weigh In

Several brokerages recently commented on STX. Northland Securities lifted their target price on shares of Seagate Technology from $142.00 to $144.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. StockNews.com downgraded Seagate Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Citigroup lifted their price target on Seagate Technology from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. Finally, Benchmark reissued a "hold" rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $120.94.

Insider Activity

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the sale, the chief executive officer now owns 642,497 shares of the company's stock, valued at $63,947,726.41. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,304 shares of company stock valued at $5,656,238 in the last ninety days. 0.81% of the stock is owned by company insiders.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.