Equities Analysts Offer Predictions for STX FY2025 Earnings

Seagate Technology Holdings plc (NASDAQ:STX) – Stock analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for Seagate Technology in a research report issued to clients and investors on Wednesday, April 30th. Cantor Fitzgerald analyst C. Muse now anticipates that the data storage provider will post earnings per share of $7.07 for the year, up from their previous estimate of $6.60. Cantor Fitzgerald currently has a “Neutral” rating and a $120.00 target price on the stock. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share.

STX has been the subject of several other reports. Mizuho lowered their price objective on Seagate Technology from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company lowered their target price on Seagate Technology from $120.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup cut their price target on Seagate Technology from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wedbush reiterated an “outperform” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Seagate Technology in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $114.89.

Seagate Technology Stock Up 3.4 %

Shares of NASDAQ STX opened at $93.07 on Friday. The company has a market capitalization of $19.70 billion, a PE ratio of 17.01 and a beta of 1.31. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $115.32. The firm has a fifty day simple moving average of $83.26 and a 200 day simple moving average of $92.95.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock worth $2,414,446,000 after purchasing an additional 1,814,821 shares in the last quarter. Sanders Capital LLC grew its position in Seagate Technology by 1.0% during the fourth quarter. Sanders Capital LLC now owns 16,530,152 shares of the data storage provider’s stock worth $1,426,717,000 after buying an additional 162,561 shares in the last quarter. Capital Research Global Investors increased its stake in Seagate Technology by 56.5% in the 4th quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider’s stock worth $1,348,262,000 after acquiring an additional 5,640,443 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Seagate Technology by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 4,295,225 shares of the data storage provider’s stock valued at $370,013,000 after acquiring an additional 132,713 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Seagate Technology by 14.6% during the 4th quarter. Invesco Ltd. now owns 2,761,534 shares of the data storage provider’s stock valued at $238,348,000 after acquiring an additional 352,300 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the sale, the chief executive officer now owns 555,677 shares of the company’s stock, valued at $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.09%. Seagate Technology’s dividend payout ratio (DPR) is presently 41.62%.

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.